12.10.2011 21:55 GMT+1 - USD/JPY intraday: the upside prevails.
Pivot: 77
Our preference: Long positions above 77 with targets @ 77.5 & 77.7 in extension.
Alternative scenario: Below 77 look for further downside with 76.75 & 76.5 as targets.
Comment: the pair has broken above its resistance and remains on the upside.
12.10.2011 21:55 GMT+1 - USD/CHF intraday: under pressure.
Pivot: 0.902
Our preference: Short positions below 0.902 with targets @ 0.895 & 0.892 in extension.
Alternative scenario: Above 0.902 look for further upside with 0.9055 & 0.91 as targets.
Comment: the pair remains under pressure and is approaching its support.