GBP/USD               4/4/2013

1 week Trend:  (=) 1 month Trend:   (=)
GBP/USD intraday: under pressure.
Pivot: 1.5115

Our preference: Short positions below 1.5115 with targets @ 1.5045 & 1.502 in extension.

Alternative scenario: Above 1.5115 look for further upside with 1.5155 & 1.5175 as targets.

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

Key levels
1.5175
1.5155
1.5115
1.5071 last
1.5045
1.502
1.4985

EUR/USD               4/4/2013
 

1 week Trend:   (=) 1 month Trend:  (=)
EUR/USD intraday: the bias remains bullish.
Pivot: 1.2805

Our preference: Long positions above 1.2805 with targets @ 1.2855 & 1.2875 in extension.

Alternative scenario: Below 1.2805 look for further downside with 1.279 & 1.277 as targets.

Comment: the pair is facing a pull back on its support, the RSI lacks downward momentum and is approaching its oversold area.

Key levels
1.291
1.2875
1.2855
1.28293 last
1.2805
1.279
1.277

EUR/JPY               4/4/2013
 

1 week Trend:  (=) 1 month Trend:  (=)
EUR/JPY intraday: further advance.
Pivot: 120.25

Our preference: Long positions above 120.25 with targets @ 121.85 & 122.3 in extension.

Alternative scenario: Below 120.25 look for further downside with 119.7 & 119.1 as targets.

Comment: the pair is rebounding and is approaching its next resistance, the RSI is well directed but is also overbought.

Key levels
122.75
122.3
121.85
121.634 last
120.25
119.7
119.1

Technical Analysis – Time MetaTrader4