Thursday, September 13, 2012

GBP/JPY intraday: the upside prevails.


Pivot: 125
Our preference: Long positions above 125 with targets @ 125.6 & 125.8 in extension.
Alternative scenario: Below 125 look for further downside with 124.8 & 124.5 as targets.
Comment: the pair is pulling back on its support ahead of further advance.

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 ...