Free Morning Forex Trading signals – June 14, 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: supported by a rising trend line.

Pivot: 1.3300.

Our preference: LONG positions @ 1.331 with 1.339 & 1.343 as next targets.

Alternative scenario: The downside breakout of 1.33 will open the way to 1.3275 & 1.3225.

Comment: the pair is pulling back from its previous high to its rising trend line.

GBP/USD intraday: the bias remains bullish.

Pivot: 1.5630.

Our preference: LONG positions @ 1.565 with targets @ 1.574 & 1.582.

Alternative scenario: The downside breakout of 1.563 will open the way to 1.56 & 1.5565.

Comment: the pair remains on the upside and is challenging its previous high.

USD/JPY intraday: bullish bias above 93.75

Pivot: 93.75.

Our preference: LONG positions above 93.75 with 96.15 & 97 as next targets.

Alternative scenario: The downside penetration of 93.75 will call for 92.55 & 92.

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

EUR/JPY intraday: bullish bias above 125.8.

Pivot: 125.8

Our preference: Long @ 126 with targets @ 128 & 129 in extension.

Alternative scenario: Below 125.8 look for further downside with 124.9 & 124.25 as targets.

Comment: the pair has rebounded on its new support and remains on the upside, the RSI stands above its neutrality area.

GBP/JPY intraday: bullish bias above 147.9.

Pivot: 147.9

Our preference: Long @ 148.1 with targets @ 150.65 & 151.95 in extension.

Alternative scenario: Below 147.9 look for further downside with 147.05 & 146.3 as targets.

Comment: the pair has rebounded on its support and remains on the upside, the RSI is reversing up.

AUD/USD intraday: the bias remains bullish.

Pivot: 0.952

Our preference: Long positions above 0.952 with targets @ 0.9655 & 0.9685 in extension.

Alternative scenario: Below 0.952 look for further downside with 0.9435 & 0.9405 as targets.

Comment: the pair is trading in an ascending channel.

Cac 40 (Jun 13) intraday: rebound expected.

Pivot: 3725

Our preference: LONG positions above 3725 with 3850 & 3881 as next targets.

Alternative scenario: The downside penetration of 3725 will call for a slide towards 3680 & 3630.

Comment : the RSI calls for a rebound.

Dax (Jun 13) intraday: rebound expected.

Pivot: 7960

Our preference: LONG positions above 7960 with 8237 & 8350 as next targets.

Alternative scenario: The downside breakout of 7960 will open the way to 7900 & 7830.

Comment: the RSI calls for a rebound.