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Daily Technical Levels from FXCC 05 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 5, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Levels from FXCC 05 Sep 2011


    EUR/USD
    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4230.[/FONT]
    Preference: SHORT positions @ 1.422 with targets @ 1.412 & 1.405.
    Alternative Scenario: The upside penetration of 1.423 will call for a rebound towards 1.43 & 1.435.
    Comment: the pair and its intraday RSI remain capped by declining trend lines.

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.00.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 76.95 with targets @ 76.6 & 76.45.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside breakout of 77 will open the way to 77.2 & 77.35.
    [FONT=&quot]Comment: [/FONT]the pair has struck against its resistance and remains under pressure.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6225.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.6215 with targets @ 1.613 & 1.6105.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.6225 will call for 1.6255 & 1.6295.
    [FONT=&quot]Comment: [/FONT] the pair stands below its resistance and remains under pressure.

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

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