Daily Technical Analysis and Forex tips 16 June 2016

Daily Technical Analysis and Forex tips 16 June 2016
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Read market analysis, Fx news, Forex tips and technical analysis of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar of 16 June

EUR/USD Intraday: the downside prevails

Our preference for short positions below 1.1255 with targets at 1.1115 & 1.1095 in extension. Alternative scenario is above 1.1255 look for further upside with 1.1300 & 1.1320 as targets.

GBP/USD Intraday: the downside prevails

Our preference is short positions below 1.4230 with targets at 1.4005 & 1.3945 in extension. Alternative scenario is above 1.4230 look for further upside with 1.4285 & 1.4325 as targets.

USD/CHF Intraday: further advance

Our preference long positions above 0.9590 with targets at 0.9715 & 0.9750 in extension. Alternative scenario is below 0.9590 look for further downside with 0.9570 & 0.9550 as targets.

USD/JPY Intraday: the downside prevails

Our preference is short positions below 105.60 with targets at 103.40 & 102.70 in extension. Alternative scenario is above 105.60 look for further upside with 106.00 & 106.40 as targets.

USD/CAD Intraday: further upside

Our preference long positions above 1.2940 with targets at 1.3100 & 1.3140 in extension. Alternative scenario is below 1.2940 look for further downside with 1.2870 & 1.2835 as targets.

AUD/USD Intraday: under pressure

Our preference short positions below 0.7370 with targets at 0.7265 & 0.7230 in extension. Alternative scenario is above 0.7370 look for further upside with 0.7405 & 0.7445 as targets.

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