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Daily Technical Levels from FXCC 02 Sep 2011
EUR/USD
Intraday Technical Levels:
Pivot: [FONT="]1.4300.[/FONT]
Preference: SHORT positions @ 1.429 with targets@ 1.425 & 1.422.
Alternative Scenario: The upside breakout of 1.43 will open the way to 1.435 & 1.4385.
Comment: [FONT="]the pair RSI is capped by a declining trend line, the pair remains under pressure and should face further weakness.[/FONT]
USD/JPY
Intraday Technical Levels:
[FONT="]Pivot: [/FONT]77.00.
[FONT="]Preference: [/FONT]SHORT positions @ 76.95 with 76.75 & 76.6 in sight.
[FONT="]Alternative Scenario: [/FONT] [FONT="]The upside breakout of 77 will open the way to 77.2 & 77.35.[/FONT]
[FONT="]Comment: [/FONT][FONT="]the pair has struck against its resistance and remains under pressure.[/FONT]
GBP/USD
Intraday Technical Levels:
[FONT="]Pivot: [/FONT]1.6225.
[FONT="]Preference: [/FONT]SHORT positions @ 1.6215 with 1.616 & 1.613 in sight.
[FONT="]Alternative Scenario: [/FONT][FONT="]The upside breakout of 1.6225 will open the way to 1.6255 & 1.6295.[/FONT]
[FONT="]Comment: [/FONT] the pair and its intraday RSI remain capped by declining trend lines.
Daily Technical Levels from fxcc.com
Source: FX Central Clearing