Friday, September 21, 2012

GBP/JPY intraday: the downside prevails.


Pivot: 127.3
Our preference: Short positions below 127.3 with targets @ 126.15 & 125.6 in extension.
Alternative scenario: Above 127.3 look for further upside with 127.6 & 128.1 as targets.
Comment: the upward potential is likely to be limited by the resistance at 127.3

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 ...