Update Daily Technical Levels from FXCC 19 Aug 2011

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Update Daily Technical Levels from FXCC 19 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4270
Preference: Long positions above 1.427 with targets @ 1.4375 & 1.442 in extension.
Alternative Scenario: Below 1.427 look for further downside with 1.4225 & 1.4175 as targets.
Comment: the pair is posting a rebound and is challenging its resistance, the RSI is well directed.

USD/JPY
Intraday Technical Levels:

Pivot: 76.8
Preference: Short positions below 76.8 with targets @ 76.3 & 76 in extension.
Alternative Scenario: Above 76.8 look for further upside with 77 & 77.2 as targets.
Comment: the pair has struck against its resistance and remains under pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.645
Preference: Long positions above 1.645 with targets @ 1.656 & 1.659 in extension.
Alternative Scenario: Below 1.645 look for further downside with 1.64 & 1.635 as targets.
Comment: the pair is on the upside and is challenging its resistance, the RSI is well directed.

Daily Technical Levels from fxcc.com
Source: