Tuesday, October 9, 2012

GBP/JPY intraday: key ST resistance at 126.05.


Pivot: 126.05
Our preference: Short positions below 126.05 with targets @ 125.05 & 124.75 in extension.
Alternative scenario: Above 126.05 look for further upside with 126.4 & 126.7 as targets.
Comment: the upward potential is likely to be limited by the resistance at 126.05.

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 ...