Update - Daily Technical Levels from FXCC – 19 Sep 2011

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Update - Daily Technical Levels from FXCC – 19 Sep 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.3715
Preference: Short positions below 1.3715 with targets @ 1.359 & 1.3555 in extension.
Alternative Scenario: Above 1.3715 look for further upside with 1.3775 & 1.3835 as targets.
Comment: the RSI is capped by a declining trend line, the pair has struck against its new resistance and remains on the downside.

USD/JPY Intraday Technical Levels:

Pivot: 76.9
Preference: Short positions below 76.9 with targets @ 76.6 & 76.4 in extension.
Alternative Scenario: Above 76.9 look for further upside with 77.05 & 77.25 as targets.
Comment: the pair has broken below a bearish flag lower boundary and should face further weakness.

GBP/USD Intraday Technical Levels:

Pivot: 1.577
Preference: Short positions below 1.577 with targets @ 1.5685 & 1.565 in extension.
Alternative Scenario: Above 1.577 look for further upside with 1.5825 & 1.587 as targets.
Comment: the pair stands below its new resistance and remains within a MT bearish channel.

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