Forex Signals (Technical Analysis) For 25. May 2012

EUR / USD intraday: the downward movement will prevail. Fulcrum (devaluation level): 1.26 We prefer: short positions in 1259 with price targets at 1.2515 and 1.2445. Alternative scenario: to 1.26, we expect further upside with 1.2645 & 1.2685 movements as price targets. Technical Analysis Comment: the RSI is mixed to bearish.

GBP / USD intraday: the downward movement will prevail. Fulcrum (devaluation level): 1,571 We prefer: sales positions at 1:57 with price targets of 1.5625 and 1.56. Alternative scenario: on 1571, we expect further upward movement of 1574 and 1.5785 as price targets. Technical Analysis Comment: the RSI is mixed with a bearish trend.

USD / JPY intraday: further increase. Fulcrum (devaluation level): 79.5 We prefer: long positions at 79.55 with price targets of 79.85 & 80.15. Alternative scenario: below 79.5, we expect further downward movements with 79.3 & 79.2 as price targets. Technical Analysis Comment: the RSI is mixed to bullish.

EUR / JPY intraday: the downward movement will prevail. Fulcrum (devaluation level): 100.45 We prefer: sales positions at 100.45 with targets at 99.35 and advanced courses 98.85. Alternative scenario: above 100.45, we expect further upside with 100.85 & 101.55 movements as price targets. Technical Analysis Comment: as long as 100.45 resistance remains is likely to fall to 99.35.

GBP / JPY intraday: under pressure. Fulcrum (devaluation level): 125.05 We prefer: sales positions at 125.05 with enhanced price targets on 124.1 and 123.45. Alternative scenario: above 125.05, we expect further upside with 125.45 & 125.95 movements as price targets. Technical Analysis Comment: the RSI is mixed to bearish.

AUD / USD intraday: key short term resistance at 0.9815. Fulcrum (devaluation level): 0.9815 We prefer: sales positions at 0.9815 with enhanced price targets on 0971 & 0.9685. Alternative scenario: above 0.9815, we expect further upward movement of 0986 and 0.9905 as price targets. Technical Analysis Comment: the RSI is mixed with a bearish trend.

All Data are 6:20 am GMT