| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments

FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects

FxWirePro: EUR/AUD trends higher, but faces potential pitfalls

FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900

FxWirePro- Major European Indices

Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance

FxWirePro: GBP/USD steadies ahead key data, BoE event risk

FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop

FxWirePro- Woodies Pivot(Major)

FxWirePro- Major Crypto levels and bias summary

FxWirePro: USD/CAD pauses decline,critical support lies ahead

CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?

ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?

FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level

FxWirePro- Major European Indices

©Econometrics LLC . All Rights Reserved.

FxWirePro: GBP/JPY faces strong resistance at 135.25, good to sell on rallies

Tuesday, August 2, 2016 7:06 AM UTC

Major resistance- 135.25 (hourly Tenkan-Sen)
Major support – 134.60 (trend line joining 138.91 and 135.96)
The pair has broken trend line support 134.60 and declined till 134.40 at the time of writing. It is currently trading around 134.61.
Japanese Yen stays strong against all major pair’s as risk aversion deepens .
Technically intraday trend is weak as long as resistance 135.25 holds . Any break above 135.25 will take the pair to next level at 135.56/136.25/137.Short term trend reversal only above 140 level.
On the lower side, any break below 134.60 will drag the pair down till 134/133.

It is good to sell on rallies around 134.75-134.80 with SL around 135.25 for the TP of 134/133.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

FxWirePro- Major Crypto levels and bias summary

ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?

Taiwan Political Standoff Deepens as President Lai Urges Parliament to Withdraw Disputed Laws

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push

Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data

Trump’s Rob Reiner Remarks Spark Bipartisan Outrage After Tragic Deaths

Jimmy Lai Convicted Under Hong Kong National Security Law in Landmark Case

FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: GBP/JPY faces strong resistance at 135.25, good to sell on rallies

Editor's Picks

Welcome to EconoTimes