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Daily Technical Levels from FXCC 10 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 10, 2011.

  1. alayoua

    alayoua New Member

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    Daily Technical Levels from FXCC – 10 Aug 2011


    EUR/USD

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4275.[/FONT]
    Preference: LONG positions @ 1.4285 with targets @ 1.44 & 1.4455.
    Alternative Scenario: The downside penetration of 1.4275 will call for 1.4225 & 1.418.
    Comment: the pair remains on the upside and is challenging its resistance.

    USD/JPY

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.35.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 77.3 with targets @ 76.7 & 76.3.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside breakout of 77.35 will open the way to 77.65 & 77.95.
    [FONT=&quot]Comment: [/FONT]the pair is capped by a MT declining trend line and remains under pressure.

    GBP/USD

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6225.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 1.6235 with targets @ 1.6325 & 1.6375.
    [FONT=&quot]Alternative Scenario: [/FONT]The downside penetration of 1.6225 will call for a slide towards 1.6175 & 1.612.
    [FONT=&quot]Comment: [/FONT]the pair is pulling back on its support ahead of a rebound.

    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing
     
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