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Majors for today (Part II)

Posted on July 08, 2008

Usd/Chf is breaking lower, with a first support around 1.0210, followed by 1.0171, 1.0134 and finally the zone around 1.0100. Only above 1.0250 the pair could gain some bullish momentum, to the zone around 1.0285 and finally 1.0320. Usd/Jpy is right now around 106.30, and tending bearish, yet close to an ascendant 4 hours trend line, that should hold at least for the next few hors, at 106.22. if the pair manages to confirm under the line, we would see a more interesting fall here, first to the zone around 105.86 and finally the strong support around 105.50. Resistances in case of a rebound, w...

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