Daily Technical Levels from FXCC 05 Sep 2011

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Daily Technical Levels from FXCC 05 Sep 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4230.
Preference: SHORT positions @ 1.422 with targets @ 1.412 & 1.405.
Alternative Scenario: The upside penetration of 1.423 will call for a rebound towards 1.43 & 1.435.
Comment: the pair and its intraday RSI remain capped by declining trend lines.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.95 with targets @ 76.6 & 76.45.
Alternative Scenario: The upside breakout of 77 will open the way to 77.2 & 77.35.
Comment: the pair has struck against its resistance and remains under pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6225.
Preference: SHORT positions @ 1.6215 with targets @ 1.613 & 1.6105.
Alternative Scenario: The upside penetration of 1.6225 will call for 1.6255 & 1.6295.
Comment: the pair stands below its resistance and remains under pressure.

Daily Technical Levels from fxcc.com
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