Daily Technical Levels from FXCC 16 Sep 2011

[alayoua]

Daily Technical Levels from FXCC 16 Sep 2011


EUR/USD
Intraday Technical Levels:

Pivot: 1.3940.
Preference: SHORT positions @ 1.393 with 1.3765 & 1.3705 as next targets.
Alternative Scenario: The upside penetration of 1.394 will call for 1.3975 & 1.4015.
Comment: the 1.395 former support area is now acting as a resistance. The pair is capped by a declining trend line.

USD/JPY
Intraday Technical Levels:

Pivot: 76.60.
Preference: LONG positions @ 76.7 with targets @ 77.05 & 77.25.
Alternative Scenario: The downside penetration of 76.6 will call for 76.4 & 76.3.
Comment: the RSI is supported by a rising trend line & the pair has broken above a declining trend line.

GBP/USD
Intraday Technical Levels:

Pivot: 1.5870.
Preference: SHORT positions @ 1.586 with 1.5735 & 1.5705 as next targets
Alternative Scenario: The upside penetration of 1.587 will call for 1.5915 & 1.595.
Comment: the pair is capped by a declining trend line.

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