Daily Technical Levels from FXCC 24 Aug 2011

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Daily Technical Levels from FXCC 24 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4380.
Preference: LONG positions @ 1.439 with 1.445 & 1.4515 in sight.
Alternative Scenario: The downside penetration of 1.438 will call for 1.4345 & 1.4295.
Comment: the pair stands above its support and should post a rebound.

USD/JPY
Intraday Technical Levels:

Pivot: 76.40.
Preference: LONG positions @ 76.45 with 77 & 77.25 in sight.
Alternative Scenario: The downside penetration of 76.4 will call for a slide towards 76.2 & 76.
Comment: the pair is rebounding on its support, the RSI is mixed to bullish.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6475.
Preference: LONG positions @ 1.6485 with 1.6525 & 1.6575 in sight.
Alternative Scenario: The downside penetration of 1.6475 will call for 1.6435 & 1.641.
Comment: the pair is pulling back on its support ahead of a rebound.


Daily Technical Levels from fxcc.com
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