FxWirePro: GBPUSD outlook weaker on renewed downside pressure
Oct 21, 2016 13:34 pm UTC| Technicals
GBP/USD declined on Friday as Sterling was weighted down on expectations that Britains economy is likely to suffer from a hardline stance by the European Union in negotiations on the countrys exit from the...
Oct 21, 2016 13:19 pm UTC| Technicals
Major support - 126.60 (trend line joining 125.98 and 126.26). Minor resistance- 127.65 (55- 4H EMA). GBP/JPY has once again retreated after jumping till 127.68. It is currently trading around 126.95. On the...
Oct 21, 2016 11:23 am UTC| Technicals
On daily charts, further upswings seem to be most likely upon break-out above resistance of 0.9953. More upswings likely to extend up to neckline at 0.9823 on sustenance above this resistance as 7DMA crosses over 21DMA...
FxWirepro: GBP/JPY trades in narrow range, good to sell on rallies
Oct 21, 2016 11:15 am UTC| Technicals
Major support - 126.60 (trend line joining 125.98 and 126.26). Minor resistance- 127.65 (55- 4H EMA). GBP/JPY has once again retreated after jumping till 127.68. It is currently trading around 126.95. On the...
S&P500 breaks minor trend line support, decline till 2112 likely
Oct 21, 2016 09:55 am UTC| Technicals
Major resistance -2150 (55- 4H EMA). Minor support - 2130. The index jumped slightly till 2149 after forming a temporary bottom at 2112.90. It is currently trading around 2137. On the lower side, any break...
Oct 21, 2016 09:01 am UTC| Technicals
The pair forms thedouble top pattern with the1st top at 116.365 levels and 2nd top at 116.280 levels on daily charts. The current prices have slid below DMAs and major supports after double top...
FxWirePro: 5-DMA caps upside in EUR/JPY, good to go short on rallies
Oct 21, 2016 08:51 am UTC| Technicals
5-DMA is capping upside in EUR/JPY, intraday bias lower. The pair has broken below 50-DMA, Technicals on daily charts support downside. We see scope for test of 112 (major trendline support). Major support...
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