Update Daily Technical Levels from FXCC 9 Aug 2011

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Update Daily Technical Levels from FXCC 9 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.43
Preference: Short positions below 1.43 with targets @ 1.418 & 1.415 in extension.
Alternative Scenario: Above 1.43 look for further upside with 1.435 & 1.44 as targets.
Comment: the pair is challenging its resistance; the RSI is mixed to bearish.

USD/JPY Intraday Technical Levels:

Pivot: 77.55
Preference: Short positions below 77.55 with targets @ 77 & 76.7 in extension.
Alternative Scenario: Above 77.55 look for further upside with 77.95 & 78.25 as targets.
Comment: the pair is on the downside and is challenging its support.

GBP/USD Intraday Technical Levels:

Pivot: 1.6385
Preference: Short positions below 1.6385 with targets @ 1.631 & 1.627 in extension.
Alternative Scenario: Above 1.6385 look for further upside with 1.644 & 1.6475 as targets.
Comment: the pair has struck against its resistance and remains under pressure.

Daily Technical Levels from fxcc.com
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