Monday, October 15, 2012

USD/JPY intraday: further advance.


Pivot: 78.35.
Our preference: LONG  positions above 78.35 with 78.65 & 78.75 in sight.
Alternative scenario: The downside penetration of 78.35 will call for a slide towards 78.25 & 78.1.
Comment: the pair is on the upside and is approaching its previous 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 ...