Daily Technical Levels from FXCC 06 Sep 2011

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Daily Technical Levels from FXCC 06 Sep 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4130.
Preference: SHORT positions @ 1.412 with targets @ 1.4 & 1.3975.
Alternative Scenario: The upside breakout of 1.413 will open the way to 1.418 & 1.423.
Comment: the pair and its intraday RSI remain capped by declining trend lines.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.95 with 76.6 & 76.45 as next targets.
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: 1.6150.
Preference: SHORT positions @ 1.614 with 1.605 & 1.6 in sight.
Alternative Scenario: The upside penetration of 1.615 will call for a rebound towards 1.619 & 1.6225.
Comment: the RSI is badly directed, the pair remains capped by a declining trend line.

Daily Technical Levels from fxcc.com
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