Big Money Forums - Daily Technical Levels from FXCC 9 Aug 2011

Daily Technical Levels from FXCC 9 Aug 2011

EUR/USD

Intraday Technical Levels:
Pivot: 1.4275.
Preference: SHORT positions @ 1.4265 with 1.415& 1.412 in sight.
Alternative Scenario: The upside penetration of 1.4275 will call for a rebound towards 1.43 & 1.435.
Comment: the pair is posting a rebound and is approaching its resistance, the RSI calls for caution.

USD/JPY

Intraday Technical Levels:
Pivot: 77.95.
Preference: SHORT positions @ 77.9 with targets @ 77 & 76.7.
Alternative Scenario: The upside penetration of 77.95 will call for a rebound towards 78.25 & 78.6.
Comment: the pair remains under pressure and is challenging its support.

GBP/USD

Intraday Technical Levels:
Pivot: 1.6385.
Preference: SHORT positions @ 1.6375 with targets @ 1.627 & 1.6225.
Alternative Scenario: The upside penetration of 1.6385 will call for 1.644 & 1.6475.
Comment: the pair stands below its new resistance and remains under pressure.

Daily Technical Levels from fxcc.com
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