Daily Technical Levels from FXCC 13 Sep 2011

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Daily Technical Levels from FXCC – 13 Sep 2011


EUR/USD
Intraday Technical Levels:
Pivot: 1.3555.
Preference: LONG positions @ 1.3565 with 1.3785 & 1.388 in sight.
Alternative Scenario: The downside penetration of 1.3555 will call for 1.3495 & 1.341.
Comment: the RSI broke above a declining trend line.

USD/JPY
Intraday Technical Levels:
Pivot: 77.40.
Preference: SHORT positions @ 77.3 with 76.75 & 76.55 as next targets.
Alternative Scenario: The upside breakout of 77.4 will open the way to 77.65 & 77.85.
Comment: the upward potential is likely to be limited by the resistance at 77.4.

GBP/USD
Intraday Technical Levels:

Pivot: 1.5785.
Preference: LONG positions @ 1.5795 with 1.589 & 1.5925 as next targets.
Alternative Scenario: The downside penetration of 1.5785 will call for a slide towards 1.5695 & 1.566.
Comment: the pair remains capped by a key declining trend line but has broken above an intraday bearish channel resistance.

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