Daily Technical Analysis and Forex tips 5 Feb 2016

Daily Technical Analysis, Market Analysis and Forex tips 5 Feb 2016 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar

EUR/USD Intraday: bullish bias above 1.115

Our preference for long positions above 1.115 with targets at 1.124 & 1.131 in extension. Alternative scenario is below 1.115 look for further downside with 1.1115 & 1.107 as targets.

GBP/USD Intraday: intraday support around 1.451

Our preference is long positions above 1.451 with targets at 1.461 & 1.466 in extension. Alternative scenario is below 1.451 look for further downside with 1.448 & 1.444 as targets.

USD/CHF Intraday: the downside prevails

Our preference short positions below 0.995 with targets at 0.987 & 0.984 in extension. Alternative scenario is above 0.995 look for further upside with 0.999 & 1.0035 as targets.

USD/JPY Intraday: under pressure

Our preference is short positions below 117.35 with targets at 116.5 & 116 in extension. Alternative scenario is above 117.35 look for further upside with 117.8 & 118.25 as targets.

USD/CAD Intraday: key resistance at 1.378

Our preference short positions below 1.378 with targets at 1.364 & 1.3555 in extension. Alternative scenario is above 1.378 look for further upside with 1.39 & 1.4 as targets.

AUD/USD Intraday: bullish bias above 0.715

Our preference short positions long positions above 0.715 with targets at 0.7225 & 0.7245 in extension. Alternative scenario is below 0.715 look for further downside with 0.7115 & 0.707 as targets.

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