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Update - Daily Technical Levels from FXCC 8 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 8, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Update - Daily Technical Levels from FXCC – [FONT=&quot]8[/FONT] Aug 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.43
    Preference: Short positions below 1.43 with targets @ 1.42 & 1.416 in extension.
    Alternative Scenario: Above 1.43 look for further upside with 1.435 & 1.4405 as targets.
    Comment: the pair has broken below its support and remains under pressure as the RSI is badly directed.

    USD/JPY Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]78.25
    [FONT=&quot]Preference: [/FONT]Short positions below 78.25 with targets @ 77.5 & 77 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 78.25 look for further upside with 78.6 & 79 as targets.
    [FONT=&quot]Comment: [/FONT]the pair is on the downside and is approaching its support.

    GBP/USD Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.635
    [FONT=&quot]Preference: [/FONT] Long positions above 1.635 with targets @ 1.644 & 1.6475 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.635 look for further downside with 1.6325 & 1.63 as targets.
    [FONT=&quot]Comment: [/FONT]the pair is pulling back on its support, the RSI calls for caution.

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

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