Daily Technical Levels from FXCC 3 Aug 2011


EUR/USD Intraday Technical Levels:
Pivot: 1.4250.
Preference: SHORT positions @ 1.424 with 1.415 & 1.4105 as next targets.
Alternative Scenario: The upside penetration of 1.425 will call for a rebound towards 1.4285 & 1.4345.
Comment: the pair stands below its resistance and should face a weakness as the RSI is turning down.
USD/JPY Intraday Technical Levels:
Pivot: 77.40.
Preference: SHORT positions @ 77.35 with 76.95 & 76.7 as next targets.
Alternative Scenario: The upside breakout of 77.4 will open the way to 77.65 & 78.05.
Comment: the pair stands below its resistance, the RSI is mixed to bearish.

GBP/USD Intraday Technical Levels:
Pivot: 1.6330.
Preference: SHORT positions @ 1.632 with 1.6225 & 1.619 as next targets.
Alternative Scenario: The upside penetration of 1.633 will call for 1.6375 & 1.643.
Comment: the pair remains under pressure and should face further weakness.

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