Wednesday, September 26, 2012

USD/JPY intraday: under pressure.


Pivot: 77.95
Our preference: Short positions below 77.95 with targets @ 77.6 & 77.35 in extension.
Alternative scenario: Above 77.95 look for further upside with 78.15 & 78.35 as targets.
Comment: as long as 77.95 is resistance, likely decline to 77.6.

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 ...