Dailyfx signals


EUR/USD intraday: under pressure.

Pivot: 1.2295
Our preference: Short positions below 1.2295 with targets @ 1.2235 & 1.221 in extension.
Alternative scenario: Above 1.2295 look for further upside with 1.2365 & 1.24 as targets.
Comment: the pair is rebounding but stands below its resistance.
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 GBP/USD intraday: rebound.

Pivot: 1.5515
Our preference: Long positions above 1.5515 with targets @ 1.558 & 1.5605 in extension.
Alternative scenario: Below 1.5515 look for further downside with 1.549 & 1.545 as targets.
Comment: the pair is rebounding and is breaking above its resistance as the RSI is well directed.
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 USD/CHF intraday: the upside prevails.

Pivot: 0.976
Our preference: Long positions above 0.976 with targets @ 0.9825 & 0.9875 in extension.
Alternative scenario: Below 0.976 look for further downside with 0.974 & 0.971 as targets.
Comment: the pair is rebounding on its support as the RSI is turning up.
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 USD/JPY intraday: capped by a negative trend line.

Pivot: 79.5
Our preference: Short positions below 79.5 with targets @ 79.1 & 78.85 in extension.
Alternative scenario: Above 79.5 look for further upside with 79.7 & 79.8 as targets.
Comment: the pair remains capped by a declining trend line and is challenging its support.
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 AUD/USD intraday: bullish bias above 1.021.

Pivot: 1.021
Our preference: Long positions above 1.021 with targets @ 1.028 & 1.0325 in extension.
Alternative scenario: Below 1.021 look for further downside with 1.0175 & 1.015 as targets.
Comment: the RSI is bullish and calls for further upside.
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