Wednesday, September 26, 2012

GBP/JPY intraday: under pressure.


Pivot: 126.2
Our preference: Short @ 126.05 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: the pair has broken below its support and remains on the downside.

By at

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 ...

  • China data signal further room to tighten policy
    HONG KONG (MarketWatch) — China's consumer inflation accelerated in March to its fastest rate in almost three years, slightly ahead of e...
  • Commodity Trading 101
    1.1 - Why is Buying Low & Selling High So Elusive? The objective is simple and seems so easy to achieve - - buy low and sell high, or se...
  • Chinese data raise concerns of slowdown
    HONG KONG (MarketWatch) — Chinese economic data released Wednesday showed consumer inflation moderated slightly in April, though remaining a...