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Update Daily Technical Levels from FXCC 09 Sep 2011

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Update Daily Technical Levels from FXCC 09 Sep 2011

Postby alayoua » Fri Sep 09, 2011 2:50 pm

Update Daily Technical Levels from FXCC 09 Sep 2011

EUR/USD
Intraday Technical Levels:

Pivot: 1.3875
Preference: Short positions below 1.3875 with targets @ 1.375 & 1.3695 in extension.
Alternative Scenario: Above 1.3875 look for further upside with 1.3935 & 1.397 as targets.
Comment: the pair has broken below its support and remains on the downside as the RSI is badly directed.

USD/JPY
Intraday Technical Levels:

Pivot: 77.45
Preference: Long positions above 77.45 with targets @ 77.9 & 78 in extension.
Alternative Scenario: Below 77.45 look for further downside with 77.3 & 77.05 as targets.
Comment: the pair has broken above its resistance and remains on the upside.

GBP/USD
Intraday Technical Levels:
Pivot: 1.6025
Preference: Short positions below 1.6025 with targets @ 1.591 & 1.5875 in extension.
Alternative Scenario: Above 1.6025 look for further upside with 1.6075 & 1.614 as targets.
Comment: the pair has struck against its declining trend line and remains on the downside.

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