Friday, September 28, 2012

GBP/JPY intraday: key ST resistance at 126.2.


Pivot: 126.2
Our preference: Short positions below 126.2 with targets @ 125.4 & 124.9 in extension.
Alternative scenario: Above 126.2 look for further upside with 126.8 & 127.15 as targets.
Comment: as long as 126.2 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 ...