Daily Technical Levels from FXCC 2 Aug 2011

[alayoua]

Daily Technical Levels from FXCC 2 Aug 2011


EUR/USD Intraday Technical Levels:
Pivot: 1.4300
Preference: SHORT positions @ 1.429 with 1.4185 & 1.415 in sight.
Alternative Scenario: The upside breakout of 1.43 will open the way to 1.4345 & 1.44.
Comment: the pair stands below its resistance and should face a weakness as the RSI is badly directed.


USD/JPY Intraday Technical Levels:
Pivot: 77.00.
Preference: LONG positions @ 77.05 with 77.65 & 78.05 in sight.
Alternative Scenario: The downside breakout of 77 will open the way to 76.7 & 76.3.
Comment: the pair is on the upside and is challenging its resistance.

GBP/USD Intraday Technical Levels:
Pivot: 1.6335.
Preference: SHORT positions @ 1.6325 with targets @ 1.627 & 1.6235.
Alternative Scenario: The upside breakout of 1.6335 will open the way to 1.6375 & 1.643.
Comment: the pair is challenging its resistance but the RSI is mixed and calls for caution.

Daily Technical Levels from fxcc.com [B]
Source: [link removed]