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Daily Technical Levels from FXCC 23 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 23, 2011.

  1. alayoua

    alayoua New Member

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    Daily Technical Levels from FXCC 23 Aug 2011


    EUR/USD
    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4345.[/FONT]
    Preference: LONG positions @ 1.4355 with 1.4435 & 1.4475 in sight.
    Alternative Scenario: The downside breakout of 1.4345 will open the way to 1.43 & 1.427.
    Comment: the pair stands above its support and should post a rebound.

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.00.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 76.95 with 76.4 & 76 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside breakout of 77 will open the way to 77.5 & 77.9.
    [FONT=&quot]Comment: [/FONT]the pair stands below its resistance and remains under pressure.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6425.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 1.6435 with 1.6525 & 1.655 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT]The downside penetration of 1.6425 will call for 1.6375 & 1.632.
    [FONT=&quot]Comment: [/FONT]the RSI is supported by a rising trend line, the pair stands above its support.


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