Update Daily Technical Levels from FXCC 15 Sep 2011

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Update Daily Technical Levels from FXCC 15 Sep 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.37
Preference: Long positions above 1.37 with targets @ 1.384 & 1.388 in extension.
Alternative Scenario: Below 1.37 look for further downside with 1.365 & 1.3625 as targets.
Comment: the RSI is supported by a rising trend line.

USD/JPY Intraday Technical Levels:

Pivot: 76.8
Preference: Short positions below 76.8 with targets @ 76.4 & 75.95 in extension.
Alternative Scenario: Above 76.8 look for further upside with 77.1 & 77.25 as targets.
Comment: a key declining trend line maintains downward pressure.

GBP/USD Intraday Technical Levels:
Pivot: 1.578
Preference: Long positions above 1.578 with targets @ 1.584 & 1.5870 in extension.
Alternative Scenario: Below 1.578 look for further downside with 1.5735 & 1.5705 as targets.
Comment: the break above 1.578 is a positive signal that has opened a path to 1.584.

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