Daily Forex Signals/Technical Analysis - Pre US Open - 24th March 2014

EUR/USD Intraday: under pressure.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.3745 & 1.3705 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: The pair has struck against its resistance and remains under pressure.








GBP/USD Intraday: key resistance at 1.652.
Pivot: 1.652

Most Likely Scenario: Short positions below 1.652 with targets @ 1.643 & 1.638 in extension.
Alternative scenario: Above 1.652 look for further upside with 1.658 & 1.6605 as targets.
Comment: The pair remains under pressure and is breaking below its suppport.









USD/JPY Intraday: further upside.
Pivot: 102.2

Most Likely Scenario: Long positions above 102.2 with targets @ 102.85 & 103.15 in extension.
Alternative scenario: Below 102.2 look for further downside with 102 & 101.75 as targets.
Comment: The pair has validated a Bullish Flag pattern and should post further upside.









AUD/USD Intraday: bullish bias above 0.9035.
Pivot: 0.9035

Most Likely Scenario: Long positions above 0.9035 with targets @ 0.914 & 0.9165 in extension.
Alternative scenario: Below 0.9035 look for further downside with 0.899 & 0.8945 as targets.
Comment: the RSI is well directed. The pair remains on the upside and is approaching its resistance.