Friday, September 21, 2012

USD/JPY intraday: key ST resistance at 78.5.


.Pivot: 78.5
Our preference: Short positions below 78.5 with targets @ 78 & 77.7 in extension.
Alternative scenario: Above 78.5 look for further upside with 78.9 7 79.2 as targets.
Comment: as long as the resistance at 78.5 is not surpassed , the risk of the break below 78 remains high.

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 ...