Free Morning Forex Trading signals – July 02 2013

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD intraday: the bias remains bullish.

Pivot: 1.3010.

Our preference: LONG positions above 1.301 with 1.31 & 1.315 in sight.

Alternative scenario: The downside penetration of 1.301 will call for 1.2985 & 1.295.

Comment: the pair has rebounded on its support and remains on the upside.

GBP/USD intraday: under pressure.

Pivot: 1.5280.

Our preference: SHORT positions @ 1.527 with 1.519 & 1.5155 as next targets.

Alternative scenario: The upside breakout of 1.528 will open the way to 1.5345 & 1.54.

Comment: the pair stands below its resistance and remains under pressure, the RSI is badly directed.

USD/JPY intraday: further advance.

Pivot: 99.10.

Our preference: LONG positions @ 99.2 with 100 & 100.4 in sight.

Alternative scenario: The downside breakout of 99.1 will open the way to 98.55 & 98.05.

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

EUR/JPY intraday: the bias remains bullish.

Pivot: 129.6

Our preference: Long @ 129.75 with targets @ 130.65 & 131.25 in extension.

Alternative scenario: Below 129.6 look for further downside with 128.85 & 128.45 as targets.

Comment: the pair stands above its new support and remains on the upside, the RSI is reversing up.

GBP/JPY intraday: the bias remains bullish.

Pivot: 151

Our preference: Long positions above 151 with targets @ 152.05 & 152.35 in extension.

Alternative scenario: Below 151 look for further downside with 150.55 & 150 as targets.

Comment: the pair is facing a pull back on its support ahead of further advance, the RSI is reversing up.

AUD/USD intraday: caution.

Pivot: 0.915

Our preference: Long positions above 0.915 with targets @ 0.921 & 0.9255 in extension.

Alternative scenario: Below 0.915 look for further downside with 0.911 & 0.905 as targets.

Comment: the pair is facing a pull back on its support, caution.

Cac 40 (Jul 13) intraday: the upside prevails.

Pivot: 3700

Our preference: LONG positions above 3700 with 3785 & 3800 as next targets.

Alternative scenario: The downside penetration of 3700 will call for 3635 & 3570.

Comment : the RSI is around its neutrality area at 50%.

Dax (Sep 13) intraday: range.

Pivot: 7905

Our preference: LONG positions above 7905 with targets @ 8042 & 8080.

Alternative scenario: The downside penetration of 7905 will call for 7845 & 7660.

Comment: prices remain stuck between 7905 and 8042