Wednesday, October 3, 2012

EUR/JPY intraday: bullish bias above 100.4.


Pivot: 100.4.
Our preference: Long positions above 100.4 with targets @ 101.25 & 101.65 in extension.
Alternative scenario: Below 100.4 look for further downside with 100.2 & 99.75 as targets.
Comment: the next resistances are at 101.25 and then at 101.65.

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 ...