Tuesday, September 25, 2012

EUR/JPY intraday: key ST resistance at 101.25


pivot: 101.25
Our preference: Short @ 101.17 with targets @ 100.25 & 100 in extension.
Alternative scenario: Above 101.25 look for further upside with 102 & 102.5 as targets.
Comment: as long as 101.25 is resistance, look for choppy price action with a bearish bias.

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...