Update Daily Technical Levels from FXCC 26 Aug 2011

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Update Daily Technical Levels from FXCC 26 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4375
Preference: Long positions above 1.4375 with targets @ 1.4475 & 1.4515 in extension.
Alternative Scenario: Below 1.4375 look for further downside with 1.433 & 1.429 as targets.
Comment: the pair has struck against its resistance and is pulling back on its support.

USD/JPY
Intraday Technical Levels:

Pivot: 77
Preference: Short positions below 77 with targets @ 76.5 & 76.3 in extension.
Alternative Scenario: Above 77 look for further upside with 77.3 & 77.5 as targets.
Comment: the pair has broken below its support and remains under pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6345
Preference: Short positions below 1.6345 with targets @ 1.6225 & 1.617 in extension.
Alternative Scenario: Above 1.6345 look for further upside with 1.64 & 1.6425 as targets.
Comment: the pair has struck against its strong resistance and is breaking below its support.

Daily Technical Levels from fxcc.com
Source: