Free Morning Forex Trading signals – July 09 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: under pressure.

Pivot: 1.2920.

Our preference: SHORT positions below 1.292 with 1.284 & 1.28 as next targets.

Alternative scenario: The upside penetration of 1.292 will call for 1.298 & 1.304.

Comment: the pair is posting a rebound but stands below its resistance.

GBP/USD intraday: key ST resistance at 1.5015

Pivot: 1.5015.

Our preference: SHORT positions below 1.5015 with 1.491 & 1.485 as next targets.

Alternative scenario: The upside penetration of 1.5015 will call for 1.508 & 1.513.

Comment: the pair is rebounding but stands below its resistance.

USD/JPY intraday: the bias remains bullish.

Pivot: 100.45.

Our preference: LONG positions above 100.45 with 101.75 & 102.2 as next targets.

Alternative scenario: The downside penetration of 100.45 will call for 100 & 99.45.

Comment: the pair is rebounding on its new support and should post further advance as the RSI is well directed.

EUR/JPY intraday: the bias remains bullish.

Pivot: 129.15

Our preference: Long @ 129.3 with targets @ 130.3 & 130.85 in extension.

Alternative scenario: Below 129.15 look for further downside with 128.6 & 128.15 as targets.

Comment: the pair remains on the upside and is challenging its resistance, the RSI is well directed.

GBP/JPY intraday: the bias remains bullish.

Pivot: 150

Our preference: Long positions above 150 with targets @ 151.65 & 152.05 in extension.

Alternative scenario: Below 150 look for further downside with 149.5 & 149.15 as targets.

Comment: the pair remains on the upside and is breaking above its resistance, the RSI is well directed.

AUD/USD intraday: bullish bias above 0.907.

Pivot: 0.907

Our preference: Long positions above 0.907 with targets @ 0.9155 & 0.918 in extension.

Alternative scenario: Below 0.907 look for further downside with 0.903 & 0.899 as targets.

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

Cac 40 (Jul 13) intraday: limited upside.

Pivot: 3750

Our preference: LONG positions above 3750 with 3860 & 3875 as next targets.

Alternative scenario: The downside penetration of 3750 will call for 3705 & 3667.

Comment : the RSI is mixed to bullish.

Dax (Sep 13) intraday: bullish bias above 7800

Pivot: 7800

Our preference: LONG positions above 7800 with 8045 & 8155 as next targets.

Alternative scenario: The downside breakout of 7800 will open the way to 7725 & 7660.

Comment: prices are rebounding but remain below the previous top @ 8045. caution