Daily Technical Levels from FXCC 23 Aug 2011

Daily Technical Levels from FXCC 23 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4345.
Preference: LONG positions @ 1.4355 with 1.4435 & 1.4475 in sight.
Alternative Scenario: The downside breakout of 1.4345 will open the way to 1.43 & 1.427.
Comment: the pair stands above its support and should post a rebound.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.95 with 76.4 & 76 as next targets.
Alternative Scenario: The upside breakout of 77 will open the way to 77.5 & 77.9.
Comment: the pair stands below its resistance and remains under pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6425.
Preference: LONG positions @ 1.6435 with 1.6525 & 1.655 in sight.
Alternative Scenario: The downside penetration of 1.6425 will call for 1.6375 & 1.632.
Comment: the RSI is supported by a rising trend line, the pair stands above its support.


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