21.6.2010

EUR/USD intraday: further advance.
Pivot: 1.2350.

Most Likely Scenario: LONG positions @ 1.236 with targets @ 1.2495 & 1.254.

Alternative scenario: The downside penetration of 1.235 will call for 1.23 & 1.225.

Comment: the pair has rebounded on its MT bullish channel lower boundary and remains on the upside.


GBP/USD intraday: the upside prevails.
Pivot: 1.4805.

Most Likely Scenario: LONG positions @ 1.4815 with 1.4925 & 1.5 in sight.

Alternative scenario: The downside penetration of 1.4805 will call for a slide towards 1.477 & 1.4725.

Comment: the RSI is well directed, the pair has rebounded on its support and is breaking above its resistance.


USD/JPY intraday: rebound.
Pivot: 90.45.

Most Likely Scenario: LONG positions @ 90.5 with targets @ 91.1 & 91.4.

Alternative scenario: The downside penetration of 90.45 will call for a slide towards 90.15 & 90.

Comment: the pair is rebounded on its support and is breaking above its declining trend line.


AUD/USD intraday: the bias remains bullish.
Pivot: 0.872

Most Likely Scenario: Long positions above 0.872 with targets @ 0.886 & 0.89 in extension.

Alternative scenario: Below 0.872 look for further downside with 0.8645 & 0.858 as targets.

Comment: the RSI is supported by a bullish trend line.