Monday, October 15, 2012

GBP/JPY intraday: the bias remains bullish.


Pivot:
Our preference: Long positions above 125.6 with targets @ 126.4 & 126.75 in extension.
Alternative scenario: Below 125.6 look for further downside with 125.35 & 124.95 as targets.
Comment: a support base at 125.6 has formed and has allowed for a temporary stabilisation.

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 ...