Wednesday, October 10, 2012

GBP/JPY intraday: under pressure.


Pivot: 125.85
Our preference: Short positions below 125.85 with targets @ 124.75 & 124.35 in extension.
Alternative scenario: Above 125.85 look for further upside with 126.4  & 126.7 as targets.
Comment: as long as the resistance at 125.85 in not surpassed, the risk of the break below 124.75 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 ...