Technical Analysis For May 30 2012

EUR / USD intraday: under pressure.
Fulcrum (devaluation level): 1.2515
Recomendation : short positions at 1.2505 with targets at 1.2455 and Exchange 1242.
Alternative scenario: above 1.2515, we expect further upside with 1.2575 & 1263 movements as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

GBP / USD intraday: under pressure.
Fulcrum (devaluation level): 1.565
Recomendation : short positions in 1564 with price targets for 1559 & 1556.
Alternative scenario: on 1565, we expect further upward movement of 1569 and 1.5715 as price targets.
Technical Analysis Comment: the RSI is badly directed.

AUD / USD intraday: rupture of a rising short term trend line support.
Fulcrum (devaluation level): 0.9835
Recomendation : short positions at 0.9835 with targets at 0.9745 and advanced course 0971.
Alternative scenario: above 0.9835, we expect further upside with 0.9882 & 0.99 movements as price targets.
Technical Analysis Comment: the RSI is bearish and calls for a further downward movement.

USD / CAD in the course of the day: consolidation.
Fulcrum (devaluation level): 1,027
Recomendation : short positions in 1027 with advanced course aims to 1.02 & 1015.
Alternative scenario: on 1027, we expect further upward movement of 1031 and 1.0345 as price targets.
Technical Analysis Comment: as long as resistance remains 1027, is a likely decline to 1.02.

USD / JPY intraday: under pressure.
Fulcrum (devaluation level): 79.65
Recomendation : short positions at 79.6 with price targets on 79.3 & 79.2.
Alternative scenario: above 79.65, we expect further upside movement with 79.8 & 80 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

EUR / JPY intraday: under pressure.
Fulcrum (devaluation level): 99.5
Recomendation : short positions at 99.43 with price targets of 98.75 and 98.3.
Alternative scenario: above 99.5, we expect further upward movement of 99.95 and 100.25 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.