Daily Technical Levels from FXCC 17 Aug 2011

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Daily Technical Levels from FXCC 17 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4350.
Preference: LONG positions @ 1.436 with targets @ 1.445 & 1.448.
Alternative Scenario: The downside penetration of 1.435 will call for a slide towards 1.431 & 1.4275.
Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed.

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 a rebound towards 77.2 & 77.5.
Comment: the pair stands below its resistance and remains under pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6395.
Preference: LONG positions @ 1.64 with 1.648 & 1.654 in sight.
Alternative Scenario: The downside breakout of 1.6395 will open the way to 1.636 & 1.6325.
Comment: the pair stands above its support and remains on the upside.


Daily Technical Levels from fxcc.com
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