Free Forex signals, recommendation for main currency pairs on 6/07/2010

Free Forex signals, recommendation for main currency pairs on 6/07/2010
EUR/USD intraday: intraday support around 1.248.
Pivot: 1.248
My preference: Long positions above 1.248 with targets @ 1.254 & 1.257 in extension.
Forex Comment: the pair should pull back on its support ahead of a rebound.

GBP/USD intraday: under pressure.
Pivot: 1.515
My preference: Short positions below 1.515 with targets @ 1.505 & 1.498 in extension.
Alternative scenario: Above 1.515 look for further upside with 1.52 & 1.523 as targets.
Forex Comment: the pair is breaking below its support and should face a further weakness as the RSI is badly directed.

USD/CHF intraday: under pressure.
Pivot: 1.07
My preference: Short positions below 1.07 with targets @ 1.062 & 1.058 in extension.
Alternative scenario: Above 1.07 look for further upside with 1.075 & 1.079 as targets.
Forex Comment: the pair is posting a rebound but its extend should be limited by its next resistance on the upside.

USD/JPY intraday: intraday support around 87.5.
Pivot: 87.5
My preference: Long positions above 87.5 with targets @ 88 & 88.25 in extension.
Alternative scenario: Below 87.5 look for further downside with 87.25 & 86.95 as targets.
Forex Comment: the pair is pulling back on its new support.

USD/CAD intraday: ST consolidation in place.
Pivot: 1.068
My preference: Short positions below 1.068 with targets @ 1.0555 & 1.053 in extension.
Alternative scenario: Above 1.068 look for further upside with 1.072 & 1.077 as targets.
Forex Comment: the pair is rebounding on its support but stands below its
strong resistance.

AUD/USD intraday: intraday support around 0.8375.
Pivot: 0.8375
My preference: Long positions above 0.8375 with targets @ 0.843 & 0.847 in extension.
Alternative scenario: Below 0.8375 look for further downside with 0.8315 & 0.826 as targets.
Forex Comment: the RSI is supported by a rising trend line.