Free Morning Forex Trading signals – June 25 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: key ST resistance at 1.3175

Pivot: 1.3175.

Our preference: SHORT positions below 1.3175 with 1.305 & 1.299 in sight.

Alternative scenario: The upside penetration of 1.3175 will call for 1.323 & 1.325.

Comment: the pair stands below its resistance and remains under pressure, the RSI stands below its neutrality area.

GBP/USD intraday: the bias remains bullish.

Pivot: 1.5385.

Our preference: LONG positions @ 1.5395 with 1.5485 & 1.553 in sight.

Alternative scenario: The downside penetration of 1.5385 will call for a slide towards 1.534 & 1.531.

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

USD/JPY intraday: key ST resistance at 98.3

Pivot: 98.30.

Our preference: SHORT positions @ 98.2 with targets @ 96.8 & 96.2.

Alternative scenario: The upside breakout of 98.3 will open the way to 98.7 & 99.25.

Comment: the pair has struck against its resistance and remains under pressure, the RSI is badly directed.

EUR/JPY intraday: the downside prevails.

Pivot: 128.6

Our preference: Short @ 128.4 with targets @ 127.2 & 126.8 in extension.

Alternative scenario: Above 128.6 look for further upside with 129.2 & 129.55 as targets.

Comment: the pair has struck against its resistance and remains under pressure, the RSI is badly directed.

GBP/JPY intraday: under pressure.

Pivot: 151.1

Our preference: Short positions below 151.1 with targets @ 149.7 & 148.85 in extension.

Alternative scenario: Above 151.1 look for further upside with 151.45 & 151.95 as targets.

Comment: the pair has broken below its support and remains under pressure as the RSI is badly directed.

AUD/USD intraday: the bias remains bullish.

Pivot: 0.9145

Our preference: Long positions above 0.9145 with targets @ 0.931 & 0.938 in extension.

Alternative scenario: Below 0.9145 look for further downside with 0.905 & 0.9 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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

Pivot: 3672

Our preference: SHORT positions below 3672 with 3550 & 3520 as next targets.

Alternative scenario: The upside penetration of 3672 will call for 3735 & 3800.

Comment : as long as 3672 is resistance, look for choppy price action with a bearish bias.

Dax (Sep 13) intraday: the downside prevails.

Pivot: 7840

Our preference: SHORT positions below 7840 with 7620 & 7570 in sight.

Alternative scenario: The upside penetration of 7840 will call for a rebound towards 7990 & 8080.

Comment: the RSI is capped by a declining trend line.