Dailyfx signals



 
 EUR/USD intraday: under pressure.

Pivot: 1.2295.
Our Preference: SHORT positions @ 1.2285 with 1.2235 & 1.221 in sight.
Alternative scenario: The upside penetration of 1.2295 will call for 1.2325 & 1.2365.
Comment: the pair remains under pressure and is challenging its previous low.
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 GBP/USD intraday: rebound.

Pivot: 1.5490.
Our Preference: LONG positions above 1.549 with targets @ 1.555 & 1.558.
Alternative scenario: The downside breakout of 1.549 will open the way to 1.545 & 1.5425.
Comment: the pair is rebounding on its support.
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 USD/CHF intraday: the upside prevails.

Pivot: 0.98.
Our Preference: LONG positions @ 0.9765 with 0.9825 & 0.9875 as next targets.
Alternative scenario: The downside breakout of 0.976 will open the way to 0.974 & 0.971.
Comment: the pair has rebounded on its new support and remains on the upside.
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 USD/JPY intraday: capped by a negative trend line.

Pivot: 79.50.
Our Preference: SHORT positions @ 79.45 with 79.2 & 79.1 in sight.
Alternative scenario: The upside penetration of 79.5 will call for a rebound towards 79.7 & 79.8.
Comment: the pair is capped by a declining trend line and remains under pressure.
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 AUD/USD intraday: key ST resistance at 1.024.

Pivot: 1.024
Our preference: Short positions below 1.024 with targets @ 1.015 & 1.0085 in extension.
Alternative scenario: Above 1.024 look for further upside with 1.028 & 1.0325 as targets.
Comment: as long as 1.024 is resistance, look for choppy price action with a bearish bias.

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