Update Daily Technical Levels from FXCC 14 Sep 2011

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Update Daily Technical Levels from FXCC 14 Sep 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.367
Preference: Long positions above 1.367 with targets @ 1.379 & 1.388 in extension.
Alternative Scenario: Below 1.367 look for further downside with 1.359 & 1.3555 as targets.
Comment: the break above 1.367 is a positive signal that has opened a path to 1.379.

USD/JPY
Intraday Technical Levels:

Pivot: 77.1
Preference: Short positions below 77.1 with targets @ 76.75 & 76.55 in extension.
Alternative Scenario: Above 77.1 look for further upside with 77.4 & 77.65 as targets.
Comment: a key declining trend line maintains downward pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.576
Preference: Long positions above 1.576 with targets @ 1.587 & 1.589 in extension.
Alternative Scenario: Below 1.576 look for further downside with 1.5705 & 1.566 as targets.
Comment: the RSI has just broken above a bearish trend line.

Daily Technical Levels from fxcc.com
Source: FX Central Clearing