Wednesday, September 5, 2012

USD/JPY intraday: the upside prevails.



Pivot 78.2
Our preference: Long positions above 78.2 with targets @78.55 & 78.65 in extension.
Alternative scenario: Below 78.2 look for further downside with 78.1 &78 as targets.
Comment: the RSI lacks downward momentum.

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 ...