Daily Technical Levels from FXCC 5 Aug 2011


EUR/USD Intraday Technical Levels:
Pivot: 1.4170.
Preference: SHORT positions @ 1.416 with 1.406 & 1.4 in sight.
Alternative Scenario: The upside penetration of 1.417 will call for 1.4235 & 1.4285.
Comment: the pair is posting a rebound but stands below its resistance.
USD/JPY Intraday Technical Levels:
Pivot: 79.25.
Preference: SHORT positions @ 79.2 with targets @ 78.4 & 78.
Alternative Scenario: The upside penetration of 79.25 will call for a rebound towards 79.75 & 80.15.
Comment: the pair is under pressure and is challenging its intermediary support.

GBP/USD Intraday Technical Levels:
Pivot: 1.6325.
Preference: SHORT positions @ 1.6315 with 1.6225 & 1.619 as next targets.
Alternative Scenario: The upside penetration of 1.6325 will call for a rebound towards 1.6375 & 1.64.
Comment: the pair is under pressure and is challenging its support.

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