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Daily Technical Levels from FXCC – 5 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 5, 2011.

  1. alayoua

    alayoua New Member

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    Daily Technical Levels from FXCC – 5 Aug 2011


    EUR/USD Intraday Technical Levels:
    Pivot: [FONT=&quot]1.4170.[/FONT]
    Preference: SHORT positions @ 1.416 with 1.406 & 1.4 in sight.
    Alternative Scenario: The upside penetration of 1.417 will call for 1.4235 & 1.4285.
    Comment: the pair is posting a rebound but stands below its resistance.
    USD/JPY Intraday Technical Levels:
    [FONT=&quot]Pivot: 79.25.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 79.2 with targets @ 78.4 & 78.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside penetration of 79.25 will call for a rebound towards 79.75 & 80.15.
    [FONT=&quot]Comment: [/FONT]the pair is under pressure and is challenging its intermediary support.

    GBP/USD Intraday Technical Levels:
    [FONT=&quot]Pivot: 1.6325.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.6315 with 1.6225 & 1.619 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.6325 will call for a rebound towards 1.6375 & 1.64.
    [FONT=&quot]Comment: [/FONT]the pair is under pressure and is challenging its support.

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