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Pre European Open, Daily Technical Analysis Friday, March 04, 2016

4 March 2016, 09:21

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD Intraday: the upside prevails.


	Pivot: 1.0890 Most Likely Scenario: long positions above 1.0890 with targets @ 1.1000 & 1.1030 in extension. Alternative scenario: below 1.0890 look for further downside with 1.0850 & 1.0820 as targets. Comment: the RSI is well directed.

GBP/USD Intraday: the upside prevails.


	Pivot: 1.4095 Most Likely Scenario: long positions above 1.4095 with targets @ 1.4215 & 1.4255 in extension. Alternative scenario: below 1.4095 look for further downside with 1.4020 & 1.3980 as targets. Comment: the RSI is mixed to bullish.

USD/JPY Intraday: the bias remains bullish.


	Pivot: 113.20 Most Likely Scenario: long positions above 113.20 with targets @ 114.25 & 114.55 in extension. Alternative scenario: below 113.20 look for further downside with 112.85 & 112.50 as targets. Comment: the RSI advocates for further upside.


	Pivot: 0.7295 Most Likely Scenario: long positions above 0.7295 with targets @ 0.7385 & 0.7420 in extension. Alternative scenario: below 0.7295 look for further downside with 0.7250 & 0.7200 as targets. Comment: the RSI is mixed to bullish.


	Pivot: 1248.50 Most Likely Scenario: long positions above 1248.50 with targets @ 1268.50 & 1276.00 in extension. Alternative scenario: below 1248.50 look for further downside with 1240.00 & 1235.00 as targets. Comment: the RSI is mixed with a bullish bias.


	Pivot: 34.30 Most Likely Scenario: long positions above 34.30 with targets @ 35.60 & 36.30 in extension. Alternative scenario: below 34.30 look for further downside with 33.55 & 33.00 as targets. Comment: the RSI is bullish and calls for further upside.