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Daily Technical Levels from FXCC – 21Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 21, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC – 21Sep 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.3750.
    Preference: SHORT positions @ 1.374 with 1.365 &1.3595 as next targets.
    Alternative Scenario:The upside penetration of 1.375will call for a rebound towards 1.3835 & 1.39.
    Comment:the pair stands below its strong resistance(50% Fibonacci retracement of the previous downmove) and should face a weakness.

    USD/JPY Intraday Technical Levels:

    Pivot: 76.55.
    Preference: SHORT positions @ 76.5 with targets@ 76.1 & 76.
    Alternative Scenario: The upside penetration of 76.55will call for a rebound towards 76.75 & 77.
    Comment: the RSI is capped by a declining trend line,the pair is under pressure.

    GBP/USD Intraday Technical Levels:

    Pivot: 1.5770.
    Preference: SHORT positions @ 1.576 with 1.5675& 1.563 in sight.
    Alternative Scenario: The upside breakout of 1.577will open the way to 1.5825 & 1.5865.
    Comment: the pair has struck against its resistance andshould face a down move as the RSI is turning down.

    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC

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