Update Daily Technical Levels from FXCC 29 Aug 2011

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Update Daily Technical Levels from FXCC 29 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4475
Preference: Long positions above 1.4475 with targets @ 1.455 & 1.458 in extension.
Alternative Scenario: Below 1.4475 look for further downside with 1.443 & 1.4395 as targets.
Comment: the pair is pulling back on its new support ahead of further advance.

USD/JPY
Intraday Technical Levels:

Pivot: 77
Preference: Short positions below 77 with targets @ 76.5 & 76.3 in extension.
Alternative Scenario: Above 77 look for further upside with 77.3 & 77.5 as targets.
Comment: the pair is under pressure and is approaching its support.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6325
Preference: Long positions above 1.6325 with targets @ 1.641 & 1.6445 in extension.
Alternative Scenario: Below 1.6325 look for further downside with 1.6275 & 1.621 as targets.
Comment: the RSI is supported by a rising trend line, the pair remains on the upside.

Daily Technical Levels from fxcc.com
Source: