Update - Daily Technical Levels from FXCC

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Daily Technical Levels from FXCC 2 Aug 2011

Daily Technical Levels from FXCC 2 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.4300

Preference: SHORT positions @ 1.429 with 1.4185 & 1.415 in sight.

Alternative Scenario: The upside breakout of 1.43 will open the way to 1.4345 & 1.44.

Comment: the pair stands below its resistance and should face a weakness as the RSI is badly directed.

USD/JPY Intraday Technical Levels:

Pivot: 77.00.

Preference: LONG positions @ 77.05 with 77.65 & 78.05 in sight.

Alternative Scenario: The downside breakout of 77 will open the way to 76.7 & 76.3.

Comment: the pair is on the upside and is challenging its resistance.

GBP/USD Intraday Technical Levels:

Pivot: 1.6335.

Preference: SHORT positions @ 1.6325 with targets @ 1.627 & 1.6235.

Alternative Scenario: The upside breakout of 1.6335 will open the way to 1.6375 & 1.643.

Comment: the pair is challenging its resistance but the RSI is mixed and calls for caution.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC

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Daily Technical Levels from FXCC 8 Aug 2011

Daily Technical Levels from FXCC 8 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4250.

Preference: LONG positions @ 1.426 with 1.4375 & 1.4405 as next targets.

Alternative Scenario: The downside penetration of 1.425 will call for a slide towards 1.42 & 1.416.

Comment: the pair has broken above its MT bearish channel upper boundary and should post further advance.

USD/JPY

Intraday Technical Levels:

Pivot: 78.60.

Preference: SHORT positions @ 78.55 with 77.5 & 77 as next targets.

Alternative Scenario: The upside penetration of 78.6 will call for a rebound towards 79 & 79.25.

Comment: the pair is breaking below its support and should face further weakness.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6350.

Preference: LONG positions @ 1.636 with 1.644 & 1.6475 as next targets.

Alternative Scenario: The downside penetration of 1.635 will call for a slide towards 1.63 & 1.6255.

Comment: the pair remains on the upside and is challenging its resistance.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing