Wednesday, October 10, 2012

EUR/JPY intraday: the downside prevails.


Pivot: 101.2
Our preference: Short positions below 101.2 with targets @  100.15 & 99.85 in extension.
Alternative scenario: Above 101.2 look for further upside with 101.45 & 101.85 as targets.
Comment: as long as 101.2 is resistance, expect a return to 100.15.

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 ...