Daily Technical Levels from FXCC 10 Aug 2011

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Daily Technical Levels from FXCC – 10 Aug 2011


EUR/USD

Intraday Technical Levels:

Pivot: 1.4275.
Preference: LONG positions @ 1.4285 with targets @ 1.44 & 1.4455.
Alternative Scenario: The downside penetration of 1.4275 will call for 1.4225 & 1.418.
Comment: the pair remains on the upside and is challenging its resistance.

USD/JPY

Intraday Technical Levels:

Pivot: 77.35.
Preference: SHORT positions @ 77.3 with targets @ 76.7 & 76.3.
Alternative Scenario: The upside breakout of 77.35 will open the way to 77.65 & 77.95.
Comment: the pair is capped by a MT declining trend line and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6225.
Preference: LONG positions @ 1.6235 with targets @ 1.6325 & 1.6375.
Alternative Scenario: The downside penetration of 1.6225 will call for a slide towards 1.6175 & 1.612.
Comment: the pair is pulling back on its support ahead of a rebound.

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