Forex Daily Analysis (2015.09.28)

Source: FxPro Broker(Review and Forex Rebate Up to 85%)

EUR/USD Pivot Point

Pivot: 1.1215

Most Likely Scenario: Short positions below 1.1215 with targets @ 1.1155 & 1.1105 in extension.

Alternative scenario: Above 1.1215 look for further upside with 1.126 & 1.1295 as targets.

Comment: As long as the resistance at 1.1215 is not surpassed, the risk of the break below 1.1155 remains high.

EUR/USD Chart

GBP/USD Pivot Point

GBP/USD Intraday: key resistance at 1.524.

Pivot: 1.524

Most Likely Scenario: Short positions below 1.524 with targets @ 1.513 & 1.509 in extension.

Alternative scenario: Above 1.524 look for further upside with 1.5285 & 1.5355 as targets.

Comment: The upward potential is likely to be limited by the resistance at 1.524.

GBP/USD Chart

USD/JPY Pivot Point

USD/JPY Intraday: under pressure.

Pivot: 120.65

Most Likely Scenario: Short positions below 120.65 with targets @ 120.05 & 119.85 in extension.

Alternative scenario: Above 120.65 look for further upside with 120.9 & 121.25 as targets.

Comment: The RSI is badly directed.

USD/JPY Chart

AUD/USD Pivot Point

AUD/USD Intraday: the bias remains bullish.

Pivot: 0.698

Most Likely Scenario: Long positions above 0.698 with targets @ 0.706 & 0.709 in extension.

Alternative scenario: Below 0.698 look for further downside with 0.6935 & 0.69 as targets.

Comment: The RSI lacks downward momentum. The pair has broken above a declining trend line and remains on the upside.

AUD/USD Chart