Wednesday, October 10, 2012

USD/JPY intraday: key ST resistance at 78.45


Pivot: 78.45.
Our preference: SHORT positions below 78.45 with 78.05 & 77.85 as next targets.
Alternative scenario: The upside penetration of 78.45 will call for a rebound towards 78.65 & 78.85.
Comment: the RSI is mixed to bearish.

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 ...