Daily Technical Levels from FXCC 15 Sep 2011

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Daily Technical Levels from FXCC 15 Sep 2011


EUR/USD
Intraday Technical Levels:

Pivot: 1.3625.
Preference: LONG positions @ 1.3635 with 1.379 & 1.384 as next targets.
Alternative Scenario: The downside breakout of 1.3625 will open the way to 1.3555 & 1.3495.
Comment: the pair has broken above a declining trend line and is now trading in a slightly ascending channel.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.9 with 76.55 & 76.4 in sight.
Alternative Scenario: The upside penetration of 77 will call for 77.25 & 77.4.
Comment: the RSI lacks upward momentum.

GBP/USD
Intraday Technical Levels:

Pivot: 1.5815.
Preference: SHORT positions @ 1.5805 with targets @ 1.5705 & 1.566.
Alternative Scenario: The upside penetration of 1.5815 will call for 1.587 & 1.589.
Comment: the pair remains in an intraday bearish channel and the RSI lacks upside momentum.

Daily Technical Levels from fxcc.com
Source: FX Central Clearing ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC