17 October 2012 Forex Buy Sell Signals

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EUR/USD intraday: further advance.

Pivot: 1.3040.

Our Preference: LONG positions @ 1.305 with 1.312 & 1.314 as next targets.

Alternative scenario: The downside penetration of 1.304 will call for a slide towards 1.3015 & 1.299.

Comment: the pair stands above its support and remains on the upside.

GBP/USD intraday: further advance.
Pivot: 1.6090.

Our Preference: LONG positions @ 1.61 with 1.614 & 1.6155 in sight.

Alternative scenario: The downside penetration of 1.609 will call for 1.607 & 1.6055.

Comment: the pair stands above its support and remains within a bullish channel.

USD/JPY intraday: caution.


Pivot: 78.60.

Our Preference: LONG positions above 78.6 with 78.85 & 78.95 in sight.

Alternative scenario: The downside penetration of 78.6 will call for a slide towards 78.45 & 78.25.

Comment: the pair is pulling back on its support, caution.

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