Wednesday, October 3, 2012

GBP/JPY intraday: consolidation.


Pivot: 126.2
Our preference: Short positions below 126.2 with targets @ 125.65 & 125.4 in extension.
Alternative scenario: Above 126.2 look for further upside with 126.45 & 126.65 as targets.
Comment: as long as the resistance at 126.2 is not surpassed, the risk of the break below 125.65 remains high.

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 ...