Update - Daily Technical Levels from FXCC – 26 Sep 2011

[alayoua]

Update - Daily Technical Levels from FXCC – 26 Sep 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.3575
Preference: Short positions below 1.3575 with targets @ 1.3425 & 1.336 in extension.
Alternative Scenario: Above 1.3575 look for further upside with 1.363 & 1.3695 as targets.
Comment: the pair should strike against its strong resistance as the RSI lacks upward momentum.

USD/JPY Intraday Technical Levels:

Pivot: 76.6
Preference: Short positions below 76.6 with targets @ 76.1 & 75.95 in extension.
Alternative Scenario: Above 76.6 look for further upside with 76.9 & 77.1 as targets.
Comment: the pair has struck against its new resistance and remains under pressure.

GBP/USD Intraday Technical Levels:

Pivot: 1.542
Preference: Long positions above 1.542 with targets @ 1.5575 & 1.563 in extension.
Alternative Scenario: Below 1.542 look for further downside with 1.537 & 1.5325 as targets.
Comment: the pair is on the upside and is breaking above its resistance as the RSI has broken above its declining trend line.

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