Big Money Forums - Daily Technical Levels from FXCC 29 Aug 2011

Daily Technical Levels from FXCC 29 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4450.
Preference: LONG positions @ 1.446 with 1.454 & 1.458 as next targets.
Alternative Scenario: The downside penetration of 1.445 will call for a slide towards 1.4395 & 1.433.
Comment: the pair has broken above its declining trend line and is challenging its previous high.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.95 with 76.5 & 76.3 as next targets.
Alternative Scenario: The upside penetration of 77 will call for 77.3 & 77.5.
Comment: the pair is under pressure and is approaching its support.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6325.
Preference: LONG positions @ 1.6335 with 1.64 & 1.6445 in sight.
Alternative Scenario: The downside penetration of 1.6325 will call for 1.6275 & 1.621.
Comment: the pair is supported by a rising trend line, the pair is on the upside and is challenging its resistance.

Daily Technical Levels from fxcc.com
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