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 – 4 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 4, 2011.

  1. alayoua

    alayoua New Member

    Jul 19, 2011
    Likes Received:
    Update - Daily Technical Levels from FXCC – 4 Aug 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.43
    Preference: Short positions below 1.43 with targets @ 1.42 & 1.415 in extension.
    Alternative Scenario: Above 1.43 look for further upside with 1.4335 & 1.438 as targets.
    Comment: the pair is posting a rebound but stands below its new resistance.

    USD/JPY Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]79
    [FONT=&quot]Preference: [/FONT]Long positions above 79 with targets @ 80.15 & 80.45 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 79 look for further downside with 78.4 & 78 as targets.
    [FONT=&quot]Comment: [/FONT]the pair and its intraday RSI remain on the upside.

    GBP/USD Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.64
    [FONT=&quot]Preference: [/FONT]Short positions below 1.64 with targets @ 1.6295 & 1.625 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 1.64 look for further upside with 1.644 & 1.6475 as targets.
    [FONT=&quot]Comment: [/FONT]the RSI has broken below a rising trend line, the pair has struck against its resistance & remains under pressure.

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

Share This Page