Update - Daily Technical Levels from FXCC 8 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.43
Preference: Short positions below 1.43 with targets @ 1.42 & 1.416 in extension.
Alternative Scenario: Above 1.43 look for further upside with 1.435 & 1.4405 as targets.
Comment: the pair has broken below its support and remains under pressure as the RSI is badly directed.

USD/JPY Intraday Technical Levels:

Pivot: 78.25
Preference: Short positions below 78.25 with targets @ 77.5 & 77 in extension.
Alternative Scenario: Above 78.25 look for further upside with 78.6 & 79 as targets.
Comment: the pair is on the downside and is approaching its support.

GBP/USD Intraday Technical Levels:

Pivot: 1.635
Preference: Long positions above 1.635 with targets @ 1.644 & 1.6475 in extension.
Alternative Scenario: Below 1.635 look for further downside with 1.6325 & 1.63 as targets.
Comment: the pair is pulling back on its support, the RSI calls for caution.

Daily Technical Levels from fxcc.com