Update - Daily Technical Levels from FXCC – 16 Sep 2011

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Update - Daily Technical Levels from FXCC – 16 Sep 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.384
Preference: Short positions below 1.384 with targets @ 1.3765 & 1.3705 in extension.
Alternative Scenario: Above 1.384 look for further upside with 1.3895 & 1.394 as targets.
Comment: the RSI broke below a bullish trend line.

USD/JPY Intraday Technical Levels:

Pivot: 76.6
Preference: Long positions above 76.6 with targets @ 77.05 & 77.25 in extension.
Alternative Scenario: Below 76.6 look for further downside with 76.4 & 76.3 as targets.
Comment: a support base at 76.6 has formed and has allowed for a temporary stabilisation.

GBP/USD Intraday Technical Levels:
Pivot: 1.5825
Preference: Short positions below 1.5825 with targets @ 1.5745 & 1.5705 in extension.
Alternative Scenario: Above 1.5825 look for further upside with 1.587 & 1.589 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.5825.

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