Update Daily Technical Levels from FXCC 17 Aug 11
[COLOR=Red]EUR/USD [/COLOR]
[COLOR=SeaGreen]Intraday Technical Levels:[/COLOR]
Pivot: 1.4400
Preference: Long positions above 1.44 with targets @ 1.45 & 1.455 in extension.
Alternative Scenario: Below 1.44 look for further downside with 1.435 & 1.431 as targets.
Comment: the RSI is well directed, the pair is on the upside and is challenging its resistance.
[COLOR=Red]USD/JPY [/COLOR]
[COLOR=SeaGreen]Intraday Technical Levels:[/COLOR]
Pivot: 77.00
Preference: Short positions below 77 with targets @ 76.3 & 76 in extension.
Alternative Scenario: Above 77 look for further upside with 77.2 & 77.5 as targets.
Comment: the pair remains under pressure and is approaching its next support.
[COLOR=Red]GBP/USD [/COLOR]
[COLOR=SeaGreen]Intraday Technical Levels:[/COLOR]
Pivot: 1.6400
Preference: Long positions above 1.64 with targets @ 1.654 & 1.6575 in extension.
Alternative Scenario: Below 1.64 look for further downside with 1.636 & 1.6325 as targets.
Comment: the pair has rebounded on its MT rising trend line and is challenging its resistance
Daily Technical Levels from fxcc.com
Source: FX Central Clearing
