Wednesday, September 12, 2012

USD/JPY intraday: under pressure.


 Pivot: 78.00.
Our preference: SHORT positions below 78 with 77.6 & 77.3 as next targets.
Alternative scenario: The upside penetration of 78 will call for 78.15 & 78.35.
Comment: the pair is rebounding but stands below its new resistance.

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 ...