Big Money Forums - Daily Technical Levels from FXCC 25 Aug 2011

Daily Technical Levels from FXCC 25 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4375.
Preference: LONG positions @ 1.4385 with 1.445 & 1.448 in sight.
Alternative Scenario: The downside penetration of 1.4375 will call for 1.4345 & 1.4325.
Comment: the pair stands above its support and should post a rebound.

USD/JPY
Intraday Technical Levels:

Pivot: 76.70.
Preference: LONG positions @ 76.75 with 77.25 & 77.5 as next targets.
Alternative Scenario: The downside penetration of 76.7 will call for 76.45 & 76.2.
Comment: the pair has rebounded on its new support, the RSI is supported by a rising trend line.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6425.
Preference: SHORT positions @ 1.6415 with targets @ 1.635 & 1.6325.
Alternative Scenario: The upside penetration of 1.6425 will call for 1.6475 & 1.6525.
Comment: the pair stands below its new resistance and remains under pressure.

Daily Technical Levels from fxcc.com
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