Daily Technical Levels from FXCC 12 Sep 2011

Daily Technical Levels from FXCC 12 Sep 2011


EUR/USD
Intraday Technical Levels:
Pivot: 1.3650.
Preference: SHORT positions @ 1.364 with 1.341 & 1.338 as next targets.
Alternative Scenario: The upside breakout of 1.365 will open the way to 1.372 & 1.3785.
Comment: the RSI is capped by a declining trend line, the pair stands below its new resistance and remains
under pressure.

USD/JPY
Intraday Technical Levels:
Pivot: 77.45.
Preference: SHORT positions @ 77.35 with 76.7 & 76.4 as next targets.
Alternative Scenario: The upside penetration of 77.45 will call for a rebound towards 77.65 & 77.9.
Comment: the pair has broken below an ascending channel support.

GBP/USD
Intraday Technical Levels:
Pivot: 1.5900.
Preference: SHORT positions @ 1.589 with 1.581 & 1.575 in sight.
Alternative Scenario: The upside penetration of 1.59 will call for a rebound towards 1.597 & 1.6.
Comment: the pair remains capped by a key declining trend line and in an intraday bearish channel.

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