Market Overview by FXCC

EUR/USD Intraday Technical Levels:

Pivot: 1.4325.

Our Preference: LONG positions @ 1.4335 with 1.442 & 1.4465 in sight.

Alternative Scenario: The downside penetration of 1.4325 will call for 1.4275 & 1.4225.

Comment: the RSI is supported by a rising trend line; the pair is on the upside and is approaching its next resistance.

USD/JPY Intraday Technical Levels:

Pivot: 77.25.

Our Preference: LONG positions @ 77.3 with targets @ 78 & 78.3.

Alternative Scenario: The downside penetration of 77.25 will call for a slide towards 77 & 76.75.

Comment: the RSI has broken above its declining trend line; the pair is posting a rebound.

GBP/USD Intraday Technical Levels:

Pivot: 1.6375.

Our Preference: LONG positions @ 1.6385 with 1.6475 & 1.651 as next targets.

Alternative Scenario: The downside penetration of 1.6375 will call for a slide towards 1.632 & 1.626.

Comment: the pair remains on the upside and is challenging its resistance.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Update - Daily Technical Levels from FXCC – 1 Aug 2011

Update - Daily Technical Levels from FXCC – 1 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.435

Preference: Long positions above 1.435 with targets @ 1.4465 & 1.454 in extension.

Alternative Scenario: Below 1.435 look for further downside with 1.4275 & 1.4225 as targets.

Comment: the RSI is supported by a rising trend line, the pair is on the upside and is challenging its resistance.

USD/JPY Intraday Technical Levels:

Pivot: 77.4

Preference: Short positions below 77.4 with targets @ 76.75 & 76.5 in extension.

Alternative Scenario: Above 77.4 look for further upside with 77.75 & 78 as targets.

Comment: the pair remains on the downside and is approaching its previous low.

GBP/USD Intraday Technical Levels:

Pivot: 1.6375

Preference: Long positions above 1.6375 with targets @ 1.6475 & 1.6510 in extension.

Alternative Scenario: Below 1.6375 look for further downside with 1.632 & 1.626 as targets.

Comment: the pair is pulling back on its support ahead of a rebound.

Daily Technical Levels from FXCC 2 Aug 2011

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

Source: FX Central Clearing

Update - Daily Technical Levels from FXCC – 2 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.425

Preference: Short positions below 1.425 with targets @ 1.415 & 1.4105 in extension.

Alternative Scenario: Above 1.425 look for further upside with 1.4285 & 1.4345 as targets.

Comment: the pair remains on the downside and is approaching its next support.

USD/JPY Intraday Technical Levels:

Pivot: 77

Preference: Long positions above 77 with targets @ 77.65 & 78.05 in extension.

Alternative Scenario: Below 77 look for further downside with 76.7 & 76.3 as targets.

Comment: the pair is posting a rebound on its support, the RSI is mixed to bullish.

GBP/USD Intraday Technical Levels:

Pivot: 1.6335

Preference: Short positions below 1.6335 with targets @ 1.6235 & 1.619 in extension.

Alternative Scenario: Above 1.6335 look for further upside with 1.6375 & 1.643 as targets.

Comment: the pair has struck against its resistance and remains under pressure.

Daily Technical Levels from FXCC – 3 Aug 2011

Daily Technical Levels from FXCC – 3 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.4250.

Preference: SHORT positions @ 1.424 with 1.415 & 1.4105 as next targets.

Alternative Scenario: The upside penetration of 1.425 will call for a rebound towards 1.4285 & 1.4345.

Comment: the pair stands below its resistance and should face a weakness as the RSI is turning down.

USD/JPY Intraday Technical Levels:

Pivot: 77.40.

Preference: SHORT positions @ 77.35 with 76.95 & 76.7 as next targets.

Alternative Scenario: The upside breakout of 77.4 will open the way to 77.65 & 78.05.

Comment: the pair stands below its resistance, the RSI is mixed to bearish.

GBP/USD Intraday Technical Levels:

Pivot: 1.6330.

Preference: SHORT positions @ 1.632 with 1.6225 & 1.619 as next targets.

Alternative Scenario: The upside penetration of 1.633 will call for 1.6375 & 1.643.

Comment: the pair remains under pressure and should face further weakness.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing http://www.fxcc.com

Update - Daily Technical Levels from FXCC – 3 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.425

Preference: Long positions above 1.425 with targets @ 1.4345 & 1.438 in extension.

Alternative Scenario: Below 1.425 look for further downside with 1.42 & 1.415 as targets.

Comment: the pair is rebounding on its new support and should post further up move.

USD/JPY Intraday Technical Levels:

Pivot: 77.4

Preference: Short positions below 77.4 with targets @ 76.95 & 76.7 in extension.

Alternative Scenario: Above 77.4 look for further upside with 77.65 & 78.05 as targets.

Comment: the pair has struck against its resistance and remains on the downside.

GBP/USD Intraday Technical Levels:

Pivot: 1.633

Preference: Long positions above 1.633 with targets @ 1.643 & 1.6475 in extension.

Alternative Scenario: Below 1.633 look for further downside with 1.6295 & 1.625 as targets.

Comment: the pair remains on the upside and is challenging its resistance.

Daily Technical Levels from FXCC – 4 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4250.

Preference: LONG positions @ 1.426 with targets @ 1.435 & 1.438.

Alternative Scenario: The downside penetration of 1.425 will call for 1.42 & 1.415.

Comment: the pair stands above its new support (50% Fibonacci retracement) and should post a rebound.

USD/JPY

Intraday Technical Levels:

Pivot: 78.40.

Preference: LONG positions @ 78.45 with 79.5 & 79.85 as next targets.

Alternative Scenario: The downside penetration of 78.4 will call for a slide towards 78 & 77.6.

Comment: the pair and its intraday RSI have broken above their declining trend lines.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6400.

Preference: SHORT positions @ 1.639 with targets @ 1.633 & 1.6295.

Alternative Scenario: The upside penetration of 1.64 will call for 1.644 & 1.6475.

Comment: the RSI has broken below a rising trend line, the pair is under pressure.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC – 5 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.4170.

Preference: SHORT positions @ 1.416 with 1.406 & 1.4 in sight.

Alternative Scenario: The upside penetration of 1.417 will call for 1.4235 & 1.4285.

Comment: the pair is posting a rebound but stands below its resistance.

USD/JPY Intraday Technical Levels:

Pivot: 79.25.

Preference: SHORT positions @ 79.2 with targets @ 78.4 & 78.

Alternative Scenario: The upside penetration of 79.25 will call for a rebound towards 79.75 & 80.15.

Comment: the pair is under pressure and is challenging its intermediary support.

GBP/USD Intraday Technical Levels:

Pivot: 1.6325.

Preference: SHORT positions @ 1.6315 with 1.6225 & 1.619 as next targets.

Alternative Scenario: The upside penetration of 1.6325 will call for a rebound towards 1.6375 & 1.64.

Comment: the pair is under pressure and is challenging its support.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Update - Daily Technical Levels from FXCC – 5 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.418

Preference: Short positions below 1.418 with targets @ 1.41 & 1.406 in extension.

Alternative Scenario: Above 1.418 look for further upside with 1.4235 & 1.4285 as targets.

Comment: the pair is challenging its resistance, the RSI is mixed and calls for caution.

USD/JPY Intraday Technical Levels:

Pivot: 79

Preference: Short positions below 79 with targets @ 78 & 77.5 in extension.

Alternative Scenario: Above 79 look for further upside with 79.25 & 79.75 as targets.

Comment: the pair is on the downside and should reach its next support as the RSI is badly directed.

GBP/USD Intraday Technical Levels:

Pivot: 1.6325

Preference: Short positions below 1.6325 with targets @ 1.6225 & 1.619 in extension.

Alternative Scenario: Above 1.6325 look for further upside with 1.6375 & 1.64 as targets.

Comment: the pair is posting a rebound but stands below its resistance.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 8 Aug 2011

Daily Technical Levels from FXCC 8 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4250.

Preference: LONG positions @ 1.426 with 1.4375 & 1.4405 as next targets.

Alternative Scenario: The downside penetration of 1.425 will call for a slide towards 1.42 & 1.416.

Comment: the pair has broken above its MT bearish channel upper boundary and should post further advance.

USD/JPY

Intraday Technical Levels:

Pivot: 78.60.

Preference: SHORT positions @ 78.55 with 77.5 & 77 as next targets.

Alternative Scenario: The upside penetration of 78.6 will call for a rebound towards 79 & 79.25.

Comment: the pair is breaking below its support and should face further weakness.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6350.

Preference: LONG positions @ 1.636 with 1.644 & 1.6475 as next targets.

Alternative Scenario: The downside penetration of 1.635 will call for a slide towards 1.63 & 1.6255.

Comment: the pair remains on the upside and is challenging its resistance.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing http://www.fxcc.com

Update - Daily Technical Levels from FXCC 8 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.43

Preference: Short positions below 1.43 with targets @ 1.42 & 1.416 in extension.

Alternative Scenario: Above 1.43 look for further upside with 1.435 & 1.4405 as targets.

Comment: the pair has broken below its support and remains under pressure as the RSI is badly directed.

USD/JPY Intraday Technical Levels:

Pivot: 78.25

Preference: Short positions below 78.25 with targets @ 77.5 & 77 in extension.

Alternative Scenario: Above 78.25 look for further upside with 78.6 & 79 as targets.

Comment: the pair is on the downside and is approaching its support.

GBP/USD Intraday Technical Levels:

Pivot: 1.635

Preference: Long positions above 1.635 with targets @ 1.644 & 1.6475 in extension.

Alternative Scenario: Below 1.635 look for further downside with 1.6325 & 1.63 as targets.

Comment: the pair is pulling back on its support, the RSI calls for caution.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 9 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4275.

Preference: SHORT positions @ 1.4265 with 1.415 & 1.412 in sight.

Alternative Scenario: The upside penetration of 1.4275 will call for a rebound towards 1.43 & 1.435.

Comment: the pair is posting a rebound and is approaching its resistance, the RSI calls for caution.

USD/JPY

Intraday Technical Levels:

Pivot: 77.95.

Preference: SHORT positions @ 77.9 with targets @ 77 & 76.7.

Alternative Scenario: The upside penetration of 77.95 will call for a rebound towards 78.25 & 78.6.

Comment: the pair remains under pressure and is challenging its support.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6385.

Preference: SHORT positions @ 1.6375 with targets @ 1.627 & 1.6225.

Alternative Scenario: The upside penetration of 1.6385 will call for 1.644 & 1.6475.

Comment: the pair stands below its new resistance and remains under pressure.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Update Daily Technical Levels from FXCC 9 Aug 2011

EUR/USD Intraday Technical Levels:

Pivot: 1.43

Preference: Short positions below 1.43 with targets @ 1.418 & 1.415 in extension.

Alternative Scenario: Above 1.43 look for further upside with 1.435 & 1.44 as targets.

Comment: the pair is challenging its resistance; the RSI is mixed to bearish.

USD/JPY Intraday Technical Levels:

Pivot: 77.55

Preference: Short positions below 77.55 with targets @ 77 & 76.7 in extension.

Alternative Scenario: Above 77.55 look for further upside with 77.95 & 78.25 as targets.

Comment: the pair is on the downside and is challenging its support.

GBP/USD Intraday Technical Levels:

Pivot: 1.6385

Preference: Short positions below 1.6385 with targets @ 1.631 & 1.627 in extension.

Alternative Scenario: Above 1.6385 look for further upside with 1.644 & 1.6475 as targets.

Comment: the pair has struck against its resistance and remains under pressure.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 10 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4275.

Preference: LONG positions @ 1.4285 with targets @ 1.44 & 1.4455.

Alternative Scenario: The downside penetration of 1.4275 will call for 1.4225 & 1.418.

Comment: the pair remains on the upside and is challenging its resistance.

USD/JPY

Intraday Technical Levels:

Pivot: 77.35.

Preference: SHORT positions @ 77.3 with targets @ 76.7 & 76.3.

Alternative Scenario: The upside breakout of 77.35 will open the way to 77.65 & 77.95.

Comment: the pair is capped by a MT declining trend line and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6225.

Preference: LONG positions @ 1.6235 with targets @ 1.6325 & 1.6375.

Alternative Scenario: The downside penetration of 1.6225 will call for a slide towards 1.6175 & 1.612.

Comment: the pair is pulling back on its support ahead of a rebound.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 12 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4125.

Preference: LONG positions @ 1.4135 with 1.431 & 1.4375 as next targets.

Alternative Scenario: The downside penetration of 1.4125 will call for 1.4085 & 1.4055.

Comment: the pair is pulling back on its support ahead of a rebound, the RSI is mixed to bullish.

USD/JPY

Intraday Technical Levels:

Pivot: 77.20.

Preference: SHORT positions @ 77.15 with 76.3 & 76 as next targets.

Alternative Scenario: The upside penetration of 77.2 will call for a rebound towards 77.75 & 78.4.

Comment: the pair stands below its resistance and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6175.

Preference: LONG positions @ 1.6185 with 1.625 & 1.63 as next targets.

Alternative Scenario: The downside penetration of 1.6175 will call for a slide towards 1.611 & 1.605.

Comment: the RSI is supported by a rising trend line, the pair should post a rebound on its support.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 16 Aug 2011

Daily Technical Levels from FXCC 16 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4375.

Preference: LONG positions @ 1.4385 with targets @ 1.4475 & 1.454.

Alternative Scenario: The downside penetration of 1.4375 will call for 1.4325 & 1.4275.

Comment: the pair is pulling back on its new support ahead of a rebound, the RSI is supported by a rising

trend line.

USD/JPY

Intraday Technical Levels:

Pivot: 77.20.

Preference: SHORT positions @ 77.15 with 76.5 & 76.3 as next targets.

Alternative Scenario: The upside penetration of 77.2 will call for a rebound towards 77.5 & 77.75.

Comment: the pair stands below its resistance and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6325.

Preference: LONG positions @ 1.6335 with 1.641 & 1.645 as next targets.

Alternative Scenario: The downside breakout of 1.6325 will open the way to 1.6265 & 1.6235.

Comment: the RSI is supported by a rising trend line, the pair should post a rebound on its new support.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing http://www.fxcc.com

Update Daily Technical Levels from FXCC 16 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.442

Preference: Short positions below 1.442 with targets @ 1.4325 & 1.4275 in extension.

Alternative Scenario: Above 1.442 look for further upside with 1.4475 & 1.454 as targets.

Comment: the RSI is badly directed, the pair is under pressure and should face further weakness.

USD/JPY

Intraday Technical Levels:

Pivot: 77.2

Preference: Short positions below 77.2 with targets @ 76.5 & 76.3 in extension.

Alternative Scenario: Above 77.2 look for further upside with 77.5 & 77.75 as targets.

Comment: the pair stands below its resistance and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6325

Preference: Long positions above 1.6325 with targets @ 1.641 & 1.645 in extension.

Alternative Scenario: Below 1.6325 look for further downside with 1.63 & 1.6265 as targets.

Comment: the pair has rebounded on its support and should post further advance.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 17 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4350.

Preference: LONG positions @ 1.436 with targets @ 1.445 & 1.448.

Alternative Scenario: The downside penetration of 1.435 will call for a slide towards 1.431 & 1.4275.

Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed.

USD/JPY

Intraday Technical Levels:

Pivot: 77.00.

Preference: SHORT positions @ 76.95 with 76.5 & 76.3 as next targets.

Alternative Scenario: The upside penetration of 77 will call for a rebound towards 77.2 & 77.5.

Comment: the pair stands below its resistance and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6395.

Preference: LONG positions @ 1.64 with 1.648 & 1.654 in sight.

Alternative Scenario: The downside breakout of 1.6395 will open the way to 1.636 & 1.6325.

Comment: the pair stands above its support and remains on the upside.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Update Daily Technical Levels from FXCC 17 Aug 11

EUR/USD

Intraday Technical Levels:

Pivot: 1.4400

Preference: Long positions above 1.44 with targets @ 1.45 & 1.455 in extension.

Alternative Scenario: Below 1.44 look for further downside with 1.435 & 1.431 as targets.

Comment: the RSI is well directed, the pair is on the upside and is challenging its resistance.

USD/JPY

Intraday Technical Levels:

Pivot: 77.00

Preference: Short positions below 77 with targets @ 76.3 & 76 in extension.

Alternative Scenario: Above 77 look for further upside with 77.2 & 77.5 as targets.

Comment: the pair remains under pressure and is approaching its next support.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6400

Preference: Long positions above 1.64 with targets @ 1.654 & 1.6575 in extension.

Alternative Scenario: Below 1.64 look for further downside with 1.636 & 1.6325 as targets.

Comment: the pair has rebounded on its MT rising trend line and is challenging its resistance

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 18 Aug 2011

Daily Technical Levels from FXCC 18 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4350.

Preference: LONG positions @ 1.436 with 1.445 & 1.4475 in sight.

Alternative Scenario: The downside breakout of 1.435 will open the way to 1.431 & 1.4275.

Comment: the pair is pulling back on its support ahead of a rebound.

USD/JPY

Intraday Technical Levels:

Pivot: 77.00.

Preference: SHORT positions @ 76.95 with 76.3 & 76 as next targets.

Alternative Scenario: The upside breakout of 77 will open the way to 77.2 & 77.5.

Comment: the pair stands below its resistance and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6475.

Preference: LONG positions @ 1.6485 with targets @ 1.655 & 1.659.

Alternative Scenario: The downside breakout of 1.6475 will open the way to 1.64 & 1.636.

Comment: the pair is pulling back on its MT rising trend line ahead of further advance.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing http://www.fxcc.com

Update Daily Technical Levels from FXCC 18 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.435

Preference: Long positions above 1.435 with targets @ 1.4415 & 1.445 in extension.

Alternative Scenario: Below 1.435 look for further downside with 1.431 & 1.4275 as targets.

Comment: the pair is pulling back on its support, the RSI calls for caution.

USD/JPY

Intraday Technical Levels:

Pivot: 77.00

Preference: Short positions below 77 with targets @ 76.3 & 76 in extension.

Alternative Scenario: Above 77 look for further upside with 77.2 & 77.5 as targets.

Comment: the pair stands below its resistance and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6475

Preference: Long positions above 1.6475 with targets @ 1.655 & 1.659 in extension.

Alternative Scenario: Below 1.6475 look for further downside with 1.6425 & 1.64 as targets.

Comment: the pair is pulling back on its MT rising trend line, the RSI calls for caution.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 19 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4350.

Preference: SHORT positions @ 1.434 with 1.426 & 1.4225 as next targets.

Alternative Scenario: The upside breakout of 1.435 will open the way to 1.4395 & 1.442.

Comment: the pair stands below its resistance and remains under pressure.

USD/JPY

Intraday Technical Levels:

Pivot: 77.00.

Preference: SHORT positions @ 76.95 with 76.3 & 76 as next targets.

Alternative Scenario: The upside penetration of 77 will, call for a rebound towards 77.2 & 77.5.

Comment: the pair remains under pressure and is challenging its support.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6540.

Preference: SHORT positions @ 1.653 with targets @ 1.6425 & 1.64.

Alternative Scenario: The upside penetration of 1.654 will call for 1.659 & 1.6665.

Comment: the pair has broken below its MT rising trend line and remains under pressure.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Update Daily Technical Levels from FXCC 19 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4270

Preference: Long positions above 1.427 with targets @ 1.4375 & 1.442 in extension.

Alternative Scenario: Below 1.427 look for further downside with 1.4225 & 1.4175 as targets.

Comment: the pair is posting a rebound and is challenging its resistance, the RSI is well directed.

USD/JPY

Intraday Technical Levels:

Pivot: 76.8

Preference: Short positions below 76.8 with targets @ 76.3 & 76 in extension.

Alternative Scenario: Above 76.8 look for further upside with 77 & 77.2 as targets.

Comment: the pair has struck against its resistance and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.645

Preference: Long positions above 1.645 with targets @ 1.656 & 1.659 in extension.

Alternative Scenario: Below 1.645 look for further downside with 1.64 & 1.635 as targets.

Comment: the pair is on the upside and is challenging its resistance, the RSI is well directed.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing

Daily Technical Levels from FXCC 22 Aug 2011

EUR/USD

Intraday Technical Levels:

Pivot: 1.4345.

Preference: LONG positions @ 1.435 with 1.4425 & 1.4475 as next targets.

Alternative Scenario: The downside penetration of 1.4345 will call for 1.43 & 1.427.

Comment: the pair stands above its support but the RSI calls for caution.

USD/JPY

Intraday Technical Levels:

Pivot: 77.00.

Preference: SHORT positions @ 76.95 with targets @ 76.4 & 76.

Alternative Scenario: The upside penetration of 77 will call for 77.5 & 77.9.

Comment: the pair stands below its resistance and remains under pressure.

GBP/USD

Intraday Technical Levels:

Pivot: 1.6440.

Preference: LONG positions @ 1.645 with 1.655 & 1.662 as next targets.

Alternative Scenario: The downside penetration of 1.644 will call for 1.64 & 1.632.

Comment: the RSI is supported by a rising trend line, the pair stands above its support.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing