Daily Technical Levels from FXCC 07 Sep 2011

Daily Technical Levels from FXCC 07 Sep 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4100.
Preference: SHORT positions @ 1.409 with targets @ 1.3975 & 1.393.
Alternative Scenario: The upside penetration of 1.41 will call for a rebound towards 1.415 & 1.42.
Comment: the pair is rebounding but stands below its resistance, the RSI calls for caution.

USD/JPY
Intraday Technical Levels:

Pivot: 77.50.
Preference: SHORT positions @ 77.45 with 77.05 & 76.8 in sight.
Alternative Scenario: The upside breakout of 77.5 will open the way to 77.7 & 77.85.
Comment: the pair is under pressure and is approaching its support.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6055.
Preference: SHORT positions @ 1.6045 with 1.592 & 1.5875 in sight.
Alternative Scenario: The upside penetration of 1.6055 will call for 1.61 & 1.615.
Comment: the pair stands below its new resistance, the RSI lacks upward momentum.

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