Update Daily Technical Levels from FXCC 11 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.4125
Preference: Long positions above 1.4125 with targets @ 1.4225 & 1.4275 in extension.
Alternative Scenario: Below 1.4125 look for further downside with 1.4085 & 1.4055 as targets.
Comment: the pair is pulling back on its support, the RSI calls for caution.

USD/JPY
Intraday Technical Levels:

Pivot: 76.95
Preference: Short positions below 76.95 with targets @ 76.3 & 76 in extension.
Alternative Scenario: Above 76.95 look for further upside with 77.2 & 77.75 as targets.
Comment: the pair remains under pressure and is challenging its support.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6215
Preference: Short positions below 1.6215 with targets @ 1.611 & 1.6085 in extension.
Alternative Scenario: Above 1.6215 look for further upside with 1.625 & 1.63 as targets.
Comment: the pair has struck against its bearish channel upper boundary and remains under pressure as the RSI is capped by a MT declining trend line.

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