Free Morning Forex Trading signals – June 03, 2013 Published: 3 June 2013 Categories: Free Forex trading Signals EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY AUD/USD CAC 40 DAX 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: key ST resistance at 1.303 Pivot: 1.3030. Our preference: SHORT positions below 1.303 with targets @ 1.295 & 1.2915. Alternative scenario: The upside penetration of 1.303 will call for 1.306 & 1.309. Comment: the pair is rebounding but stands below its resistance, the RSI lacks upward momentum. NEXT GBP/USD intraday: bullish bias above 1.515 Pivot: 1.5150. Our preference: LONG positions @ 1.516 with targets @ 1.524 & 1.526. Alternative scenario: The downside breakout of 1.515 will open the way to 1.511 & 1.507. Comment: the pair remains on the upside and is approaching its previous high. PREVIOUS NEXT USD/JPY intraday: key ST resistance at 101.3 Pivot: 101.30. Our preference: SHORT positions @ 101.15 with targets @ 100.1 & 99.7. Alternative scenario: The upside penetration of 101.3 will call for a rebound towards 101.8 & 102.2. Comment: the pair remains under pressure and is challenging its support, the RSI is badly directed. PREVIOUS NEXT EUR/JPY intraday: under pressure. Pivot: 131.35 Our preference: Short @ 131.2 with targets @ 130.2 & 129.9 in extension. Alternative scenario: Above 131.35 look for further upside with 131.75 & 132.15 as targets. Comment: the pair stands below its new resistance and remains under pressure as the RSI is capped by a declining trend line. PREVIOUS NEXT GBP/JPY intraday: key ST resistance at 153.6. Pivot: 153.6 Our preference: Short @ 153.45 with targets @ 152.3 & 151.9 in extension. Alternative scenario: Above 153.6 look for further upside with 154.05 & 154.65 as targets. Comment: the pair stands below its new resistance and remains under pressure, the RSI is reversing down. PREVIOUS NEXT AUD/USD intraday: the upside prevails. Pivot: 0.9545 Our preference: Long positions above 0.9545 with targets @ 0.9655 & 0.9695 in extension. Alternative scenario: Below 0.9545 look for further downside with 0.95 & 0.944 as targets. Comment: the pair is rebounding and is approaching its resistance, the RSI is well directed. PREVIOUS NEXT Cac 40 (Jun 13) intraday: consolidation. Pivot: 3980 Our preference: SHORT positions below 3980 with targets @ 3893 & 3877. Alternative scenario: The upside penetration of 3980 will call for 4022 & 4059. Comment : the RSI is badly directed. PREVIOUS NEXT Dax (Jun 13) intraday: range. Pivot: 8260 Our preference: LONG positions above 8260 with 8404 & 8420 as next targets. Alternative scenario: The downside penetration of 8260 will call for 8215 & 8129. Comment: intraday technical indicators lack momentum. PREVIOUS 0 0 votes Page Rating Subscribe Notify of new follow-up comments new replies to my comments I allow to use my email address and send notification about new comments and replies (you can unsubscribe at any time). Label {} [+] Name* Email* Label {} [+] Name* Email* 0 Comments Inline Feedbacks View all comments
