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On our website find links to Forex Brokers, pages for Auto Trading, News, Signals & Analysis for your online trading
On our website find links to Forex Brokers, pages for Auto Trading, News, Signals & Analysis for your online trading

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New Daily FX - Review 13 June 2013
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EUR/JPY intraday: the downside prevails.  
Pivot: 128
Our preference: Short @ 127.8 with targets @ 126.1 & 125.35 in extension.
Alternative scenario: Above 128 look for further upside with 129 & 129.8 as targets.
Comment: the pair has broken below its support and remains on the downside. 
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GBP/USD intraday: the upside prevails.  
Pivot: 1.5600.
Our preference: LONG positions @ 1.561 with targets @ 1.57 & 1.574.
Alternative scenario: The downside penetration of 1.56 will call for 1.5565 & 1.552.
Comment: the pair remains on the upside and is challenging its previous high. 
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AUD/USD intraday: under pressure.  
Pivot: 0.95
Our preference: Short positions below 0.95 with targets @ 0.941 & 0.936 in extension.
Alternative scenario: Above 0.95 look for further upside with 0.953 & 0.9565 as targets.
Comment: the RSI lacks upward momentum and intraday moving averages are turning down. 
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USD/JPY intraday: the downside prevails.  
Pivot: 96.15.
Our preference: SHORT positions below 96.15 with targets @ 94.3 & 93.5.
Alternative scenario: The upside penetration of 96.15 will call for a rebound towards 97 & 97.75.
Comment: the pair has broken below its support and remains on the downside. 
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USD/CAD intraday: bullish bias above 1.015.  
Pivot: 1.015
Our preference: Long positions above 1.015 with targets @ 1.025 & 1.0285 in extension.
Alternative scenario: Below 1.015 look for further downside with 1.01 & 1.005 as targets.
Comment: the pair failed to accelerate on the downside after breaking below the 1.017 support area: this is a sign of strength. 
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EUR/USD intraday: supported by a rising trend line.  
Pivot: 1.3295.
Our preference: LONG positions @ 1.331 with 1.337 & 1.343 as next targets.
Alternative scenario: The downside penetration of 1.3295 will call for 1.326 & 1.3225.
Comment: the pair remains supported by a rising trend line and is challenging its previous high. 
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New Daily FX - Review 11 June 2013
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EUR/JPY intraday: caution.  
Pivot: 130
Our preference: Long positions above 130 with targets @ 131.4 & 132.15 in extension.
Alternative scenario: Below 130 look for further downside with 129.2 & 128.55 as targets.
Comment: the pair is pulling back and is challenging its support, caution. 
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