Wednesday, October 3, 2012

USD/JPY intraday: continuation of the rebound.


Pivot: 78.00.
Our preference: LONG positions above 78 with 78.5 & 78.65 in sight.
Alternative scenario: The downside penetration of 78 will call for a slide towards 77.85 & 77.75.
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 ...