Daily Technical Levels from FXCC 19 Aug 2011


EUR/USD
Intraday Technical Levels:

Pivot: 1.4350.
Preference: SHORT positions @ 1.434 with 1.426 & 1.4225 as next targets.
Alternative Scenario: The upside breakout of 1.435 will open the way to 1.4395 & 1.442.
Comment: the pair stands below its resistance and remains under pressure.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.95 with 76.3 & 76 as next targets.
Alternative Scenario: The upside penetration of 77 will, call for a rebound towards 77.2 & 77.5.
Comment: the pair remains under pressure and is challenging its support.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6540.
Preference: SHORT positions @ 1.653 with targets @ 1.6425 & 1.64.
Alternative Scenario: The upside penetration of 1.654 will call for 1.659 & 1.6665.
Comment: the pair has broken below its MT rising trend line and remains under pressure.


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