Forex Trading Signal Pre EU Open, 24 JANUARY 2013

EUR/USD INTRADAY: CAPPED BY A NEGATIVE TREND LINE. Pivot: 1.3355. Most Likely Scenario: SHORT positions @ 1.334 with 1.327 & 1.3245 in sight. Alternative scenario: The upside penetration of 1.3355 will call for a rebound towards 1.34 & 1.3435. Comment: the pair is capped by an intraday declining trend line maintining a bearish pressure.

GBP/USD INTRADAY: CAPPED BY A NEGATIVE TREND LINE. Pivot: 1.5880. Most Likely Scenario: SHORT positions @ 1.586 with 1.58 & 1.5765 in sight. Alternative scenario: The upside penetration of 1.588 will call for a rebound towards 1.592 & 1.597. Comment: the pair is capped by an intraday declining trend line maintining a bearish pressure. « PREVIOUS | NEXT »

USD/JPY INTRADAY: CONTINUATION OF THE REBOUND. Pivot: 88.70. Most Likely Scenario: LONG positions above 88.7 with 89.85 & 90.2 in sight. Alternative scenario: The downside penetration of 88.7 will call for a slide towards 88.35 & 88. Comment: the RSI broke above a declining trend line. « PREVIOUS | NEXT »

AUD/USD INTRADAY: THE DOWNSIDE PREVAILS. Pivot: 1.055 Most Likely Scenario: Short positions below 1.055 with targets @ 1.05 & 1.0485 in extension. Alternative scenario: Above 1.055 look for further upside with 1.0575 & 1.06 as targets. Comment: the pair is trading in an intraday bearish channel.

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