FxWirePro: Buy GBP/JPY above 152.50
Dec 04, 2017 11:58 am UTC| Technicals
Major Resistance 152.50 (Dec 1st 2017 high). GBP/JPY declined sharply on Friday almost 150 pips on Friday on weak pound sterling. GBP dipped slightly against all majors yesterday on uncertainty over Brexit...
FxWirePro: GBP/CHF declines sharply after hitting high of 1.3330, good to sell on rallies
Dec 04, 2017 11:16 am UTC| Technicals
Chart Pattern- Double top GBP/CHF has shown a major selling after hitting high of 1.3326 on Dec 1st 2017. The pair declined after hitting low of 1.31389 and jumped till 1.32536. The slight dip in GBP was due to...
Dec 04, 2017 10:21 am UTC| Technicals
EUR/NZD rejected at session highs at 1.7342, finds support at 5-DMA at 1.7265. The pair is extending downside after failure to break major trendline resistance at 1.7520. Technical studies have turned bearish on...
FxWirePro: USD/CAD trades lower on upbeat Canadian jobs data, good to buy on dips
Dec 04, 2017 10:21 am UTC| Technicals
Major support 1.2660. USD/CAD has shown a major decline on Friday after better than expected Canadian jobs data. The pair dipped till 1.26821 and is currently trading around 1.26900. The Canadian economy has...
FxWirePro: EUR/USD trades weak after US Senate passes tax bill, good to sell on rallies
Dec 04, 2017 10:07 am UTC| Technicals
EUR/USD declined almost 0.4% today after US Senate passes tax bill. The pair made an intraday high of 1.18786. It is currently trading around 1.18551. US Senate passed tax reform on Saturday morning by 51-49 vote that...
Dec 04, 2017 09:31 am UTC| Technicals
Chart candlestick patterns: Bearish engulfing pattern on daily plotting, Bearish DMA crossover on 4H plotting and bullish MACD crossover on monthly plotting. Major support is seen at 1.7668 and major resistance at...
FxWirePro: GBP/USD trades on Brexit negotiations uncertainty, good to sell on rallies
Dec 04, 2017 09:26 am UTC| Technicals
Major Resistance- 1.3550. Cable has shown a minor selling after forming a temporary top around 1.35498 on Friday. The pair is showing minor weakness on Brexit negotiation uncertainty. UK PM Theresa May is set to meet...
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