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Daily Technical Levels from FXCC 26 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 26, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Levels from FXCC 26 Aug 2011


    EUR/USD
    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4360.[/FONT]
    Preference: LONG positions @ 1.437 with 1.4425 & 1.4475 in sight.
    Alternative Scenario: The downside penetration of 1.436 will call for a slide towards 1.433 & 1.429.
    Comment: the pair has rebounded on its support and is approaching its intermediary resistance.

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.15.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 77.2 with targets @ 77.5 & 77.7.
    [FONT=&quot]Alternative Scenario: [/FONT] The downside penetration of 77.15 will call for 76.85 & 76.7.
    [FONT=&quot]Comment: [/FONT]the pair is pulling back on its new support ahead of a rebound.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6345.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.6335 with 1.626 & 1.6225 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside breakout of 1.6345 will open the way to 1.64 & 1.6425.
    [FONT=&quot]Comment: [/FONT]the pair is posting a rebound but stands below its resistance.


    Daily Technical Levels from fxcc.com
    [FONT=&quot]Source: FX Central Clearing[/FONT]
     

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