Forex Technical Charts explained | 11-Oct-2012

1. EURUSD: It is still in bearish mode. Take only short positions here. Long positions only above 1.2969

2. USDJPY: It has closed down its major support level of 78.43. So, no long positions here too.

3. AUDUSD: It managed to close above 1.0246. So, take long positions here. 1.0341 and 1.3952 will be resistance here.

4. GBPUSD: Take only short positions here. It will take some time to give buy signals.