Free Morning Forex Trading signals – June 27 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 downside prevails.

Pivot: 1.3080.

Our preference: SHORT positions below 1.308 with targets @ 1.299 & 1.295.

Alternative scenario: The upside penetration of 1.308 will call for a rebound towards 1.3115 & 1.315.

Comment: the pair is rebounding but remains within a bearish channel.

GBP/USD intraday: key ST resistance at 1.54

Pivot: 1.5400.

Our preference: SHORT positions @ 1.5385 with 1.5295 & 1.527 as next targets.

Alternative scenario: The upside breakout of 1.54 will open the way to 1.543 & 1.5465.

Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum.

USD/JPY intraday: key ST resistance at 98.3

Pivot: 98.30.

Our preference: SHORT positions @ 98.2 with 97.2 & 96.8 as next targets.

Alternative scenario: The upside penetration of 98.3 will call for a rebound towards 98.7 & 99.25.

Comment: the pair stands below its resistance and remains under pressure.

EUR/JPY intraday: key ST resistance at 127.9.

Pivot: 127.9

Our preference: Short @ 127.7 with targets @ 126.9 & 126.5 in extension.

Alternative scenario: Above 127.9 look for further upside with 128.45 & 129.2 as targets.

Comment: the pair is rebounding but remains within a bearish channel, the RSI lacks upward momentum.

GBP/JPY intraday: key ST resistance at 150.35.

Pivot: 150.35

Our preference: Short positions below 150.35 with targets @ 149.15 & 148.85 in extension.

Alternative scenario: Above 150.35 look for further upside with 151.15 & 151.9 as targets.

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

AUD/USD intraday: further upside.

Pivot: 0.924

Our preference: Long positions above 0.924 with targets @ 0.938 & 0.943 in extension.

Alternative scenario: Below 0.924 look for further downside with 0.919 & 0.9145 as targets.

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

Cac 40 (Jul 13) intraday: limited upside.

Pivot: 3630

Our preference: LONG positions above 3630 with 3760 & 3800 in sight.

Alternative scenario: The downside penetration of 3630 will call for a slide towards 3570 & 3520.

Comment : intraday technical indicators are mixed and call for caution.

Dax (Sep 13) intraday: limited upside.

Pivot: 7775

Our preference: LONG positions above 7775 with 8020 & 8080 as next targets.

Alternative scenario: The downside penetration of 7775 will call for a slide towards 7660 & 7570.

Comment: intraday technical indicators are mixed and call for caution.