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Update 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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    Update Daily Technical Levels from FXCC 10 Aug 2011

    EUR/USD

    Intraday Technical Levels:

    Pivot: 1.431
    Preference: Long positions above 1.431 with targets @ 1.44 & 1.4455 in extension.
    Alternative Scenario: Below 1.431 look for further downside with 1.4275 & 1.4225 as targets.
    Comment: the pair is pulling back on its new support ahead of a rebound.

    USD/JPY

    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]77.05
    [FONT=&quot]Preference: [/FONT]Short positions below 77.05 with targets @ 76.3 & 76 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77.05 look for further upside with 77.35 & 77.65 as targets.
    [FONT=&quot]Comment: [/FONT]the pair has struck against its MT declining trend line and remains under pressure.

    GBP/USD

    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.6225
    [FONT=&quot]Preference: [/FONT] Long positions above 1.6225 with targets @ 1.63 & 1.6375 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.6225 look for further downside with 1.6175 & 1.6120 as targets.
    [FONT=&quot]Comment: [/FONT]the pair is pulling back on its support, the RSI calls for caution.

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