alayoua
Newbie
Joined: Jul 19, 2011
Posts: 160
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 Posted: Tue Aug 16, 2011 8:56 pm Post subject: Update Daily Technical Levels from FXCC 16 Aug 2011 |
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Update Daily Technical Levels from FXCC 16 Aug 2011
EUR/USD
Intraday Technical Levels:
Pivot: 1.442
Preference: Short positions below 1.442 with targets @ 1.4325 & 1.4275 in extension.
Alternative Scenario: Above 1.442 look for further upside with 1.4475 & 1.454 as targets.
Comment: the RSI is badly directed, the pair is under pressure and should face further weakness.
USD/JPY
Intraday Technical Levels:
Pivot: 77.2
Preference: Short positions below 77.2 with targets @ 76.5 & 76.3 in extension.
Alternative Scenario: Above 77.2 look for further upside with 77.5 & 77.75 as targets.
Comment: the pair stands below its resistance and remains under pressure.
GBP/USD
Intraday Technical Levels:
Pivot: 1.6325
Preference: Long positions above 1.6325 with targets @ 1.641 & 1.645 in extension.
Alternative Scenario: Below 1.6325 look for further downside with 1.63 & 1.6265 as targets.
Comment: the pair has rebounded on its support and should post further advance.
Daily Technical Levels from fxcc.com
Source: FX Central Clearing http://www.fxcc.com |
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