Wednesday, September 19, 2012

USD/JPY intraday: the upside prevails.


Pivot: 78.45
Our preference: Long positions above 78.45 with targets @ 79.25 7 79.35 in extension.
Alternative scenario: Below 78.45 look for further downside with 78.15 & 77.9 as targets.\
Comment: the pair remains on the upside and is approaching its previous 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 ...