1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Update Daily Technical Levels from FXCC 16 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 16, 2011.

  1. alayoua

    alayoua New Member

    Joined:
    Jul 19, 2011
    Messages:
    289
    Likes Received:
    0
    Update Daily Technical Levels from FXCC 16 Aug 2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.442
    Preference: Short positions below 1.442 with targets @ 1.4325 & 1.4275 in extension.
    Alternative Scenario: Above 1.442 look for further upside with 1.4475 & 1.454 as targets.
    Comment: the RSI is badly directed, the pair is under pressure and should face further weakness.

    USD/JPY
    Intraday Technical Levels:


    [FONT=&quot]Pivot: [/FONT] 77.2
    [FONT=&quot]Preference: [/FONT]Short positions below 77.2 with targets @ 76.5 & 76.3 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77.2 look for further upside with 77.5 & 77.75 as targets.
    [FONT=&quot]Comment: [/FONT]the pair stands below its resistance and remains under pressure.

    GBP/USD
    Intraday Technical Levels:


    [FONT=&quot]Pivot: [/FONT]1.6325
    [FONT=&quot]Preference: [/FONT] Long positions above 1.6325 with targets @ 1.641 & 1.645 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.6325 look for further downside with 1.63 & 1.6265 as targets.
    [FONT=&quot]Comment: [/FONT] the pair has rebounded on its support and should post further advance.

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

Share This Page