Monday, October 8, 2012

USD/JPY intraday: under pressure.


Pivot: 78.65
Our preference: Short positions below 78.65 with targets @ 78.25 & 78.05 in extension.
Alternative scenario: Above 78.65 look for further upside with 78.85 & 79 as targets.
Comment: the pair is under pressure and is approaching its new support.

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 ...