Thursday, September 6, 2012

USD/JPY intraday: the upside prevails.


Pivot: 78.20.
Our Preference: LONG positions above 78.2 with 78.55 & 78.65 as next targets.\
Alternative scenario: The downside breakout of 78.2 will open the way to 78.1 & 78.
Comment: the pair stands above its support and remains on the upside.

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 ...