NZD/USD intraday: key resistance at 0.797.

Pivot: 0.797

Our preference: Short positions below 0.797 with targets @ 0.791 & 0.7865 in extension.

Alternative scenario: Above 0.797 look for further upside with 0.7995 & 0.803 as targets.

Comment: as long as 0.797 is resistance, look for choppy price action with a bearish bias.

GBP/JPY intraday: further advance.

Pivot: 124.1

Our preference: Long positions above 124.1 with targets @ 125 & 125.25 in extension.

Alternative scenario: Below 124.1 look for further downside with 123.9 & 123.6 as targets.

Comment: the RSI is above its neutrality area at 50%.

EUR/CHF intraday: further advance.

Pivot: 1.203

Our preference: Long positions above 1.203 with targets @ 1.2075 & 1.21 in extension.

Alternative scenario: Below 1.203 look for further downside with 1.205 & 1.2 as targets.

Comment: the immediate trend remains up and the momentum is strong.

USD/CHF MT: the upside prevails.

Pivot 0.9420
Our preference: Up move expected towards 0.9950 & 1.0050
Alternative scenario: A downside break out of 0.9420 would call for further drop to 0.9330.
Comment: the pair is facing a pull back on its new support ahead of further advance.

GBP/USD MT: the upside prevails.

Pivot: 1.5450
Our preference: LONG position above 1.5450 with targets at 1.5950 or even 1.61.
Alternative scenario: A break below 1.5450 would call for further weakness to 1.5250.
Comment: the pair remains on the upside and is approaching its net resistance.

EUR/USD MT: the downside prevails.

Trend: ST Ltd Downside; MT Range, we have been bearish since 7 MAR 2012 (1.3117).

Pivot 1.2750 

Our preference: SHORT position below 1.2750 with 1.2040 & 1.1850 n sight.

Alternative Scenario: Above 1.2750 up move to 1.30 & 1.33.

Comment the pair remains with in a declining channel which maintains a bearish outlook and is shaping a bearish flag.

USD/CAD intraday: intraday support around 0.987.

Pivot 0.987 

Our preference: Long positions above 0.987 with targets @ 0.99 & 0.9915 in extension

Alternative scenario: Below 0.987 look for further downside with 0.984 & 0.982 as targets.

Comment: the break above 0.987 is a positve signal that has opend a path to 0.99