Update - Daily Technical Levels from FXCC

Update - Daily Technical Levels from FXCC – 23 Sep 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.3575
Preference: Short positions below 1.3575 with targets @ 1.3385 & 1.332 in extension.
Alternative Scenario: Above 1.3575 look for further upside with 1.363 & 1.37 as targets.
Comment: the pair is breaking below its support and should reach its previous low.

USD/JPY Intraday Technical Levels:

Pivot: 76.55
Preference: Short positions below 76.55 with targets @ 76.1 & 75.95 in extension.
Alternative Scenario: Above 76.55 look for further upside with 76.7 & 77 as targets.
Comment: the pair is under pressure and is approaching its support.

GBP/USD Intraday Technical Levels:

Pivot: 1.547
Preference: Short positions below 1.547 with targets @ 1.537 & 1.5325 in extension.
Alternative Scenario: Above 1.547 look for further upside with 1.552 & 1.5575 as targets.
Comment: the pair stands below its resistance and is shaping a bearish flag.

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