Free Morning Forex Trading signals – June 10, 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: 1.3180.

Our preference: LONG positions above 1.318 with 1.328 & 1.332 in sight.

Alternative scenario: The downside penetration of 1.318 will call for a slide towards 1.314 & 1.31.

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

GBP/USD intraday: under pressure.

Pivot: 1.5580.

Our preference: SHORT positions below 1.558 with 1.548 & 1.5425 as next targets.

Alternative scenario: The upside breakout of 1.558 will open the way to 1.562 & 1.569.

Comment: the pair has struck against its resistance and remains under pressure.

USD/JPY intraday: the upside prevails.

Pivot: 96.90.

Our preference: LONG positions above 96.9 with 98.8 & 99.5 in sight.

Alternative scenario: The downside penetration of 96.9 will call for a slide towards 96.3 & 95.85.

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

EUR/JPY intraday: the bias remains bullish.

Pivot: 128.15

Our preference: Long @ 128.3 with targets @ 130 & 130.7 in extension.

Alternative scenario: Below 128.15 look for further downside with 127.5 & 126.9 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: 150.75

Our preference: Long @ 151 with targets @ 152.9 & 153.75 in extension.

Alternative scenario: Below 150.75 look for further downside with 150 & 149.4 as targets.

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

AUD/USD intraday: the downside prevails.

Pivot: 0.9485

Our preference: Short positions below 0.9485 with targets @ 0.936 & 0.93 in extension.

Alternative scenario: Above 0.9485 look for further upside with 0.953 & 0.9575 as targets.

Comment: this morning opening gap maintains a bearish pressure calling for further downside.

Cac 40 (Jun 13) intraday: target 3937

Pivot: 3765

Our preference: LONG positions above 3765 with 3908 & 3937 in sight.

Alternative scenario: The downside penetration of 3765 will call for 3705 & 3695.

Comment : Prices pushed above a declining trend line which now plays a support role.

Dax (Jun 13) intraday: target 8419

Pivot: 8150

Our preference: LONG positions @ 8235 with targets @ 8385 & 8419.

Alternative scenario: The downside penetration of 8150 will call for a slide towards 8052 & 8000.

Comment: the RSI calls for a rebound.