Update Daily Technical Levels from FXCC 23 Aug 2011

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Update Daily Technical Levels from FXCC 23 Aug 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.442
Preference: Long positions above 1.442 with targets @ 1.4515 & 1.454 in extension.
Alternative Scenario: Below 1.442 look for further downside with 1.4385 & 1.4345 as targets.
Comment: the pair has struck against its resistance and is pulling back on its support ahead of further up move.

USD/JPY
Intraday Technical Levels:

[FONT=&quot]Pivot: [/FONT] 77
[FONT=&quot]Preference: [/FONT] Short positions below 77 with targets @ 76.4 & 76 in extension.
[FONT=&quot]Alternative Scenario: [/FONT] Above 77 look for further upside with 77.25 & 77.5 as targets.
[FONT=&quot]Comment: [/FONT] the pair remains under pressure and is approaching its support.

GBP/USD
Intraday Technical Levels:

[FONT=&quot]Pivot: [/FONT] 1.649
[FONT=&quot]Preference: [/FONT] Long positions above 1.649 with targets @ 1.6575 & 1.66 in extension.
[FONT=&quot]Alternative Scenario: [/FONT] Below 1.649 look for further downside with 1.645 & 1.641 as targets.
[FONT=&quot]Comment: [/FONT] the pair is pulling back on its support ahead of a rebound.

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