Daily Technical Levels from FXCC 18 Aug 2011


EUR/USD
Intraday Technical Levels:

Pivot: 1.4350.
Preference: LONG positions @ 1.436 with 1.445 & 1.4475 in sight.
Alternative Scenario: The downside breakout of 1.435 will open the way to 1.431 & 1.4275.
Comment: the pair is pulling back on its support ahead of a rebound.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.95 with 76.3 & 76 as next targets.
Alternative Scenario: The upside breakout of 77 will open the way to 77.2 & 77.5.
Comment: the pair stands below its resistance and remains under pressure.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6475.
Preference: LONG positions @ 1.6485 with targets @ 1.655 & 1.659.
Alternative Scenario: The downside breakout of 1.6475 will open the way to 1.64 & 1.636.
Comment: the pair is pulling back on its MT rising trend line ahead of further advance.


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