Tuesday, September 25, 2012

USD/JPY intraday: under pressure.


Pivot: 78.15.
Our preference: SHORT positions below 78.15 with 77.65 & 77.35 in sight.
Alternative scenario: The upside penetration of 78.15 will call for a rebound towards 78.35 & 78.5.
Comment: the pair remains on the downside and is approaching its support.

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...