Thursday, September 27, 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: as long as 126.2 is resistance, look for choppy price action with a bearish bias.

By at

USDCHF Technical Analysis - Sell at 0.9955

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