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Update Daily Technical Levels from FXCC 22/08/2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 22, 2011.

  1. alayoua

    alayoua New Member

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    Update Daily Technical Levels from FXCC 22/08/2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.4345
    Preference: Long positions above 1.4345 with targets @ 1.4435 & 1.4475 in extension.
    Alternative Scenario: Below 1.4345 look for further downside with 1.43 & 1.427 as targets.
    Comment: the pair is on the upside and is challenging its resistance, the RSI is mixed to bullish.

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 77
    [FONT=&quot]Preference: [/FONT] Short positions below 77 with targets @ 76.4 & 76 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77 look for further upside with 77.5 & 77.9 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] 1.644
    [FONT=&quot]Preference: [/FONT] Long positions above 1.644 with targets @ 1.655 & 1.662 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.644 look for further downside with 1.64 & 1.632 as targets.
    [FONT=&quot]Comment: [/FONT] the pair stands above its support and should post a rebound.

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