Daily Technical Levels from FXCC 30 Aug 2011

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Daily Technical Levels from FXCC 30 Aug 2011


EUR/USD
Intraday Technical Levels:

Pivot: [FONT=&quot]1.4475.[/FONT]
Preference: LONG positions @ 1.4485 with targets @ 1.455 & 1.458.
Alternative Scenario: The downside penetration of 1.4475 will call for 1.443 & 1.4395.
Comment: the RSI is supported by a rising trend line, the pair stands above its support and should post a
rebound.


USD/JPY
Intraday Technical Levels:

[FONT=&quot]Pivot: 77.10.[/FONT]
[FONT=&quot]Preference: [/FONT]SHORT positions @ 77.05 with 76.7 & 76.5 as next targets.
[FONT=&quot]Alternative Scenario: [/FONT] The upside breakout of 77.1 will open the way to 77.3 & 77.5.
[FONT=&quot]Comment: [/FONT]the RSI is badly directed, the pair stands below its resistance and should face further weakness.

GBP/USD
Intraday Technical Levels:

[FONT=&quot]Pivot: [/FONT]1.6365.
[FONT=&quot]Preference: [/FONT]LONG positions @ 1.6375 with targets @ 1.6445 & 1.6475.
[FONT=&quot]Alternative Scenario: [/FONT]The downside breakout of 1.6365 will open the way to 1.6325 & 1.6275.
[FONT=&quot]Comment: [/FONT]the pair stands above its support and remains on the upside, the RSI is challenging its rising
trend line.


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