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FxWirePro: GBP/JPY struggles to close above 132 level, good to sell on rallies

Oct 03, 2016 06:38 am UTC| Technicals

Pattern formed double bottom Major resistance 132.45 (23.6% retracement of 143.23 and 129.06). The pair has recovered sharply after declining till 130.43 on Friday. GBP/JPY jumped till 131.95 and once again...

FxWirePro: Swedish krona weakens against euro, faces key resistance at 9.6455

Oct 03, 2016 06:29 am UTC| Technicals

EUR/SEK is currently trading around 9.6435 levels. It made intraday high at 9.6450 and low at 9.6167 levels. Intraday bias remains bullish till the time pair holds key support at 9.6013 levels. A daily close...

FxWirePro: NZD/USD intraday bias lower, good to short rallies

Oct 03, 2016 05:47 am UTC| Technicals

NZD/USD breaks below 2H 20-SMA at 0.7266, bias lower. The pair finds next major trendline support at 0.7230. Further weakness on break of trendline support (0.7230), test of 38.2 % Fib at 0.7175 then...

FxWirePro: Gold struggles to close above 21- day MA , good to sell on rallies

Oct 03, 2016 05:39 am UTC| Technicals

Major resistance- $1326.50 (21- day MA) Major support -$1310 (100- day MA) The yellow metal has declined sharply after jumping till $1328. It is currently trading around $1314.92. In the daily chart, gold is...

FxWirePro: USD/ZAR steady around 13.75, bias remains neutral

Oct 03, 2016 05:37 am UTC| Technicals

USD/ZAR is currently trading around 13.74 levels. It made intraday high at 13.76 and low at 13.68 levels. Intraday bias remains neutral for the moment. A daily close above 13.98 will take the parity...

FxWirePro: Aussie bulls lack impetus, AUD/USD confined to narrow range ahead of RBA

Oct 03, 2016 05:29 am UTC| Technicals

Aussie struggles to extend gains despite upbeat Australian MI and AIG manufacturing data released earlier on the day. The pair remains confined to a narrow range ahead of RBA policy decision due tomorrow. Bulls...

FxWirePro: USD/JPY edges lower from session highs at 101.67, bias higher

Oct 03, 2016 04:53 am UTC| Technicals

USD/JPY extends gradual grind higherbut struggles to extend gains beyond 20-DMA. The pair edges lower from session highs at 101.67, intraday bias higher. Technical indicators on daily charts support upside....

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