Tuesday, October 9, 2012

EUR/JPY intraday: under pressure.


Pivot: 101.85
Our preference: Short positions below 101.85 with targets @ 101.05 & 100.8 in extension.
Alternative scenario: Above 101.85 look for further upside with 102.3 & 102.85 as targets.
Comment: the pair has struck against its resistance and should face further weakness.

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 ...