Daily Technical Levels from FXCC – 21Sep 2011

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Daily Technical Levels from FXCC – 21Sep 2011


EUR/USD Intraday Technical Levels:

Pivot: 1.3750.
Preference: SHORT positions @ 1.374 with 1.365 &1.3595 as next targets.
Alternative Scenario:The upside penetration of 1.375will call for a rebound towards 1.3835 & 1.39.
Comment:the pair stands below its strong resistance(50% Fibonacci retracement of the previous downmove) and should face a weakness.

USD/JPY Intraday Technical Levels:

Pivot: 76.55.
Preference: SHORT positions @ 76.5 with targets@ 76.1 & 76.
Alternative Scenario: The upside penetration of 76.55will call for a rebound towards 76.75 & 77.
Comment: the RSI is capped by a declining trend line,the pair is under pressure.

GBP/USD Intraday Technical Levels:

Pivot: 1.5770.
Preference: SHORT positions @ 1.576 with 1.5675& 1.563 in sight.
Alternative Scenario: The upside breakout of 1.577will open the way to 1.5825 & 1.5865.
Comment: the pair has struck against its resistance andshould face a down move as the RSI is turning down.

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