Daily Technical Levels from FXCC 30 Aug 2011

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Daily Technical Levels from FXCC 30 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4475.
Preference: LONG positions @ 1.4485 with targets @ 1.455 & 1.458.
Alternative Scenario: The downside penetration of 1.4475 will call for 1.443 & 1.4395.
Comment: the RSI is supported by a rising trend line, the pair stands above its support and should post a
rebound.

USD/JPY
Intraday Technical Levels:

Pivot: 77.10.
Preference: SHORT positions @ 77.05 with 76.7 & 76.5 as next targets.
Alternative Scenario: The upside breakout of 77.1 will open the way to 77.3 & 77.5.
Comment: the RSI is badly directed, the pair stands below its resistance and should face further weakness.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6365.
Preference: LONG positions @ 1.6375 with targets @ 1.6445 & 1.6475.
Alternative Scenario: The downside breakout of 1.6365 will open the way to 1.6325 & 1.6275.
Comment: the pair stands above its support and remains on the upside, the RSI is challenging its rising
trend line.

Daily Technical Levels from fxcc.com
Source: