Wednesday, October 3, 2012

USD/JPY intraday: bullish bias above 78.


Pivot: 78
Our preference: Long positions above 78 with targets @ 78.5 & 78.65 in extension.
Alternative scenario: Below 78 look for further downside with 77.85 & 77.75 as targets.
Comment: the RSI is bullish and calls for further upside.

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 ...