Tuesday, September 11, 2012

USD/JPY intraday: under pressure.


Pivot: 78.35
Our preference: Short positions below 78.35 with targets @ 77.9 & 77.6 in extension.
Alternative scenario: Above 78.35 look for further upside with 78.5 & 78.8 as targets.
Comment: the pair has broken below its support and remains on the downside.

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 ...