Big Money Forums - Daily Technical Levels from FXCC 08 Sep 2011

Daily Technical Levels from FXCC 08 Sep 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4110.
Preference: SHORT positions @ 1.41 with 1.401 & 1.3975 in sight.
Alternative Scenario: The upside penetration of 1.411 will call for a rebound towards 1.415 & 1.42.
Comment: the pair stands below its resistance and remains under pressure.

USD/JPY
Intraday Technical Levels:

Pivot: 77.50.
Preference: SHORT positions @ 77.45 with 77.05 & 76.8 in sight.
Alternative Scenario: The upside penetration of 77.5 will call for 77.7 & 77.85.
Comment: the pair is posting a rebound but stands below its resistance.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6000.
Preference: SHORT positions @ 1.599 with 1.5915 & 1.5875 in sight.
Alternative Scenario: The upside breakout of 1.6 will open the way to 1.6055 & 1.61.
Comment: the pair is capped by a declining trend line and remains under pressure, the RSI is mixed to bearish.

Daily Technical Levels from fxcc.com
Source: FX Central Clearing