Tuesday, September 11, 2012

GBP/JPY intraday: under pressure.


Pivot: 125.5
Our preference: Short positions below 125.5 with targets @124.9 & 124.55 in extension.
Alternative scenario: Above 125.5 look for further upside with 125.5 & 126.15 as targets.
Comment: the pair stands below its new resistance and remains 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 ...