Daily Forex Forecast: November 10 2014

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.241
Our preference: Long positions above 1.241 with targets @ 1.249 & 1.254 in extension.
Alternative scenario: Below 1.241 look for further downside with 1.2365 & 1.234 as targets.
Comment: The pair is on the upside and is challenging its resistance.
Resistances:1.258,1.254,1.249
Supports:1.241,1.2365,1.234


USD/JPY Intraday: under pressure.
Pivot: 114.95
Our preference: Short positions below 114.95 with targets @ 113.8 & 113 in extension.
Alternative scenario: Above 114.95 look for further upside with 115.5 & 116.3 as targets.
Comment: The pair has broken below a rising trend line and remains under pressure.
Resistances:116.3,115.5,114.95
Supports:113.8,113.00,112.5

USD/JPY Intraday: under pressure.
Pivot: 114.95
Our preference: Short positions below 114.95 with targets @ 113.8 & 113 in extension.
Alternative scenario: Above 114.95 look for further upside with 115.5 & 116.3 as targets.
Comment: The pair has broken below a rising trend line and remains under pressure.
Resistances:116.3,115.5,114.95
Supports:113.8,113.00,112.5