Friday, September 7, 2012

USD/JPY intraday: the upside prevails.


Pivot: 78.65.
Our Preference: LONG positions above 78.65 with 79.05 & 79.15 in sight.
Alternative scenario: The downside penetration of 78.65 will call for a slide towards 78.5 & 78.3.
Comment: the pair stands above its support and remains on the upside.
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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 ...