Monday, September 24, 2012

GBP/JPY intraday: consolidation in place.


Pivot: 127.55
Our preference: Short @ 127.4 with targets @ 126.15 7 125.6 in extension.
Alternative scenario: Above 127.55 look for further upside with 128.1 & 128.8 as targets.
Comment: as long as 127.55 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 ...