| Pivot: 123 |
| Our Preference: Short positions below 123 with targets @ 121.7 & 121.15 in extension. |
| Alternative Scenario: Above 123 look for further upside with 123.7 & 124 as targets. |
| comment: as long as 123 is resistance, look for choppy price action with bearish bias. |
Stokcs, Metals, Energy, Forex, Crypto
Tuesday, July 31, 2012
GBP/JPY intraday: under pressure.
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 ...
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Pivot: 0.936 Our preference: Long positions above 0.936 with targets @ 0.944 & 0.947 in extension. Alternative scenario: Below 0.93...
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Pivot: 0.8215 Our preference: Short positions below 0.8215 with targets @ 0.813 & 0.81 in extension. Alternative scenario: Above 0....
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Pivot: 1.022 Our preference: Long positions above 1.022 with targets @ 1.0325 & 1.035 in extension. Alternative scenario: Below 1.0...