Forex Trading Signals June 29th 2012 (Pre- US Market Open)

EUR/USD INTRADAY: FURTHER ADVANCE.
Pivot: 1.2525

Most Likely Scenario: Long positions above 1.2525 with targets @ 1.263 & 1.266 in extension.
Alternative scenario: Below 1.2525 look for further downside with 1.246 & 1.241 as targets.
Comment: the break above 1.2525 is a positive signal that has opened a path to 1.263.


GBP/USD INTRADAY: FURTHER ADVANCE.
Pivot: 1.5555

Most Likely Scenario: Long positions above 1.5555 with targets @ 1.5675 & 1.5705 in extension.
Alternative scenario: Below 1.5555 look for further downside with 1.552 & 1.548 as targets.
Comment: the RSI advocates for further upside.


USD/JPY INTRADAY: CONSOLIDATION.
Pivot: 79.75

Most Likely Scenario: Short positions below 79.75 with targets @ 79.1 & 79 in extension.
Alternative scenario: Above 79.75 look for further upside with 79.85 & 80 as targets.
Comment: the RSI is around its neutrality area at 50%


AUD/USD INTRADAY: FURTHER ADVANCE.
Pivot: 1.009

Most Likely Scenario: Long positions above 1.009 with targets @ 1.0195 & 1.023 in extension.
Alternative scenario: Below 1.009 look for further downside with 1.005 & 0.999 as targets.
Comment: the RSI is well directed.

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