Daily Technical Levels from FXCC 26 Aug 2011

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Daily Technical Levels from FXCC 26 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4360.
Preference: LONG positions @ 1.437 with 1.4425 & 1.4475 in sight.
Alternative Scenario: The downside penetration of 1.436 will call for a slide towards 1.433 & 1.429.
Comment: the pair has rebounded on its support and is approaching its intermediary resistance.

USD/JPY
Intraday Technical Levels:

Pivot: 77.15.
Preference: LONG positions @ 77.2 with targets @ 77.5 & 77.7.
Alternative Scenario: The downside penetration of 77.15 will call for 76.85 & 76.7.
Comment: the pair is pulling back on its new support ahead of a rebound.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6345.
Preference: SHORT positions @ 1.6335 with 1.626 & 1.6225 in sight.
Alternative Scenario: The upside breakout of 1.6345 will open the way to 1.64 & 1.6425.
Comment: the pair is posting a rebound but stands below its resistance.


Daily Technical Levels from fxcc.com
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