Tuesday, July 31, 2012

GBP/JPY intraday: under pressure.

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.
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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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