Morning Trading Signals‏

EUR/USD intraday: further advance.

Pivot: 1.3525.

Our preference: LONG positions @ 1.3535 with 1.36 & 1.3635 in sight.

Alternative scenario: The downside penetration of 1.3525 will call for a slide towards 1.3475 & 1.345.

Comment: the pair has broken above a strong resistance and remains on the upside, the RSI stands above its neutral area and remains well directed.
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GBP/USD intraday: the upside prevails.

Pivot: 1.5760.

Our preference: LONG positions @ 1.577 with targets @ 1.585 & 1.589.

Alternative scenario: The downside penetration of 1.576 will call for 1.5725 & 1.5705.

Comment: the pair has broken above a declining trend line and should post further advance as the RSI is well directed and stands below its overbought area.
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USD/JPY intraday: the upside prevails.

Pivot: 90.75.

Our preference: LONG positions @ 90.8 with 91.25 & 91.55 as next targets.

Alternative scenario: The downside penetration of 90.75 will call for 90.5 & 90.2.

Comment: the pair is rebounding on its support and is shaping a bullish flag as the RSI is turning up.
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EUR/JPY intraday: bullish bias above 122.5.

Pivot: 122.5

Our preference: Long @ 122.58 with targets @ 123.9 & 124.5 in extension.

Alternative scenario: Below 122.5 look for further downside with 121.8 & 121.3 as targets.

Comment: the pair remains on the upside and is challenging its resistance, a pull back should not be ruled out ahead of further advance.
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GBP/JPY intraday: bullish bias above 142.95.

Pivot: 142.95

Our preference: Long @ 143.1 with targets @ 144.25 & 144.8 in extension.

Alternative scenario: Below 142.95 look for further downside with 142.4 & 141.85 as targets.

Comment: the pair stands above its new support and remains on the upside as the RSI is turning up.
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AUD/USD intraday: the downside prevails.

Pivot: 1.043

Our preference: Short positions below 1.043 with targets @ 1.038 & 1.036 in extension.

Alternative scenario: Above 1.043 look for further upside with 1.045 & 1.0475 as targets.

Comment: the pair is rebounding on its previous low but stands below its new resistance.
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Cac 40 (Feb 13) intraday: consolidation.

Pivot: 3775

Our preference: SHORT positions below 3775 with 3735 & 3728 in sight.

Alternative scenario: The upside breakout of 3775 will open the way to 3794 & 3820.

Comment : Prices are pushing below the lower boundary of a symmetrical broadening formation.