Free Forex signal 2013-04-22 (GMT  30 min)

EUR/USD intraday: bullish bias above 1.302

Pivot: 1.3020.

Our preference: LONG positions above 1.302 with 1.3115 & 1.315 as next targets.

Alternative scenario: The downside penetration of 1.302 will call for a slide towards 1.2985 & 1.295.

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

GBP/USD intraday: under pressure.

Pivot: 1.5285.

Our preference: SHORT positions @ 1.527 with 1.521 & 1.517 as next targets.

Alternative scenario: The upside penetration of 1.5285 will call for a rebound towards 1.5315 & 1.5375.

Comment: the pair is under pressure and is challenging its support, the RSI stands below its neutrality area.

USD/JPY intraday: further advance.

Pivot: 98.90.

Our preference: LONG positions above 98.9 with targets @ 99.9 & 100.6.

Alternative scenario: The downside penetration of 98.9 will call for 98.5 & 97.95.

Comment: the pair is challenging its resistance at 99.9 and should post further advance as the RSI is well directed.

EUR/JPY intraday: further upside.

Pivot: 129.5

Our preference: Long @ 129.7 with targets @ 130.8 & 131.5 in extension.

Alternative scenario: Below 129.5 look for further downside with 128.9 & 128 as targets.

Comment: the pair remains on the upside and is approaching its previous high, the RSI stands above its neutrality area.

GBP/JPY intraday: key ST resistance at 152.55.

Pivot: 152.55

Our preference: Short @ 152.4 with targets @ 150.5 & 149.6 in extension.

Alternative scenario: Above 152.55 look for further upside with 153 & 153.8 as targets.

Comment: the pair stands below its new resistance and should face a weakness as the RSI is badly directed.

AUD/USD intraday: under pressure.

Pivot: 1.031

Our preference: Short positions below 1.031 with targets @ 1.0255 & 1.022 in extension.

Alternative scenario: Above 1.031 look for further upside with 1.0355 & 1.0395 as targets.

Comment: the pair has struck against its new resistance and remains under pressure.

Cac 40 (May 13) intraday: rebound.

Pivot: 3515

Our preference: LONG positions above 3515 with 3644 & 3654 as next targets.

Alternative scenario: The downside breakout of 3515 will open the way to 3450 & 3400.

Comment : the RSI broke above a declining trend line.

Dax (Jun 13) intraday: rebound expected.

Pivot: 7440

Our preference: LONG positions above 7440 with targets @ 7583 & 7610.

Alternative scenario: The downside penetration of 7440 will call for 7345 & 7290.

Comment: the RSI calls for a rebound.