Daily Technical Levels from FXCC 02 Sep 2011

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Daily Technical Levels from FXCC 02 Sep 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4300.
Preference: SHORT positions @ 1.429 with targets@ 1.425 & 1.422.
Alternative Scenario: The upside breakout of 1.43 will open the way to 1.435 & 1.4385.
Comment: the pair RSI is capped by a declining trend line, the pair remains under pressure and should face further weakness.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.95 with 76.75 & 76.6 in sight.
Alternative Scenario: The upside breakout of 77 will open the way to 77.2 & 77.35.
Comment: the pair has struck against its resistance and remains under pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6225.
Preference: SHORT positions @ 1.6215 with 1.616 & 1.613 in sight.
Alternative Scenario: The upside breakout of 1.6225 will open the way to 1.6255 & 1.6295.
Comment: the pair and its intraday RSI remain capped by declining trend lines.

Daily Technical Levels from fxcc.com
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