Tuesday, April 9, 2013

USDJPY Is in Impulsive Rally



USDJPY gaped higher on Sunday and accelerated up to 99.60 area where pair found resistance around 261.8% extension of wave (iv). As such, we think that pair will make a deeper retracement very soon, back to 97.20. Move should be in minimum in three waves.

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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 ...

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