Thursday, September 6, 2012

GBP/JPY intraday: further advance.


Pivot: 124.1
Our preference: Long positions above 124.1 with targets @ 125 & 125.25 in extension.
Alternative scenario: Below 124.1 look for further downside with 123.9 & 123.6 as targets.
Comment: the RSI is above its neutrality area at 50%.

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 ...