Thursday, September 20, 2012

USD/JPY intraday: the downside prevails.


Pivot: 78.60.
Our preference: SHORT positions below 78.6 with targets @ 78.15 & 77.9.
Alternative scenario: The upside breakout of 78.6 will open the way to 78.9 & 79.2.
Comment: the pair has broken below its support and should face further weakness.'

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 ...