Daily Technical Levels from FXCC 22 Aug 2011
[COLOR=SeaGreen]Intraday Technical Levels:[/COLOR]
Pivot: 1.4345.
Preference: LONG positions @ 1.435 with 1.4425 & 1.4475 as next targets.
Alternative Scenario: The downside penetration of 1.4345 will call for 1.43 & 1.427.
Comment: the pair stands above its support but the RSI calls for caution.
[COLOR=Red]USD/JPY [/COLOR]
[COLOR=SeaGreen]Intraday Technical Levels:[/COLOR]
Pivot: 77.00.
Preference: SHORT positions @ 76.95 with targets @ 76.4 & 76.
Alternative Scenario: The upside penetration of 77 will call for 77.5 & 77.9.
Comment: the pair stands below its resistance and remains under pressure.
[COLOR=Red]GBP/USD [/COLOR]
[COLOR=SeaGreen]Intraday Technical Levels:[/COLOR]
Pivot: 1.6440.
Preference: LONG positions @ 1.645 with 1.655 & 1.662 as next targets.
Alternative Scenario: The downside penetration of 1.644 will call for 1.64 & 1.632.
Comment: the RSI is supported by a rising trend line, the pair stands above its support.
Daily Technical Levels from fxcc.com
Source: FX Central Clearing