Thursday, October 4, 2012

GBP/JPY intraday: the upside prevails.


Pivot: 126.25
Our preference: Long positions above 126.25 with targets @ 126.95 & 127.2 in extension.
Alternative scenario: Below 126.25 look for further downside with 125.95 & 125.8 as targets.
Comment: the RSI is bullish and calls for further upside.

By at

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 ...