Daily Technical Levels from FXCC 11 Aug 2011


EUR/USD
Intraday Technical Levels:

Pivot: 1.4125.
Preference: LONG positions @ 1.4135 with [email protected] 1.4275 & 1.431.
Alternative Scenario: The downside breakout of 1.4125 will open the way to 1.4085 & 1.4055.
Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed.

USD/JPY
Intraday Technical Levels:

Pivot: 77.20.
Preference: SHORT positions @ 77.15 with targets @ 76.3 & 76.
Alternative Scenario: The upside penetration of 77.2 will call for 77.75 & 78.3.
Comment: the pair has struck against its resistance and remains under pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6250.
Preference: SHORT positions @ 1.624 with targets @ 1.611 & 1.6085.
Alternative Scenario: The upside penetration of 1.625 will call for 1.63 & 1.6375.
Comment: the pair is rebounding but remains within a bearish channel, the RSI is capped by a declining trend line.

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