Forex Signal – Intraday 24 th June

EUR/USD intraday: the upside prevails.

Pivot: 1.2275
Most Likely Scenario: LONG positions @ 1.2285 with targets @ 1.2355 & 1.241.
Alternative scenario: The downside penetration of 1.2275 will call for 1.221 & 1.216.
Comment: the pair has broken above its declining trend line and is challenging its new resistance, a pull back should not be ruled out ahead of a further up move.

GBP/USD intraday: bullish bias above 1.49

Pivot: 1.4900
Most Likely Scenario: LONG positions @ 1.491 with targets @ 1.5 & 1.507.
Alternative scenario: The downside breakout of 1.49 will open the way to 1.485 & 1.48.
Comment: the pair has broken above its resistance and remains within a bullish channel.

USD/JPY intraday: the downside prevails

Pivot: 90.10
Most Likely Scenario: SHORT positions @ 90.05 with 89.7 & 89.5 in sight.
Alternative scenario: The upside breakout of 90.1 will open the way to 90.3 & 90.65.
Comment: the pair remains within a bearish channel, the RSI is on the downside.

AUD/USD intraday: intraday support around 0.867

Pivot: 0.867
Most Likely Scenario: Long positions above 0.867 with targets @ 0.881 & 0.886 in extension.
Alternative scenario: Below 0.867 look for further downside with 0.861 & 0.858 as targets.
Comment: the pair is breaking above its bearish channel upper boundary and should reach its previous high.

GOLD (Spot) intraday: under pressure

Pivot: 1252.00
Most Likely Scenario: SHORT positions below 1252 with 1225 & 1214 in sight.
Alternative scenario: The upside breakout of 1252 will open the way to 1265 & 1275.
Comment: quotes have pushed below their rising trend line. The 30 min RSI is on the downside.

Crude Oil (Aug 10) intraday: bullish bias above 74.6

Pivot: 74.60
Most Likely Scenario: LONG positions @ 75.4 with 78 & 80 as next targets.
Alternative scenario: The downside breakout of 74.6 will open the way to 72.8 & 71.
Comment: quotes have struck against their 50% fib retracement level @ 75.40. The RSI has just broken above a declining trend line.

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