FxWirePro: GBP/JPY recovers after making a low of 155.67, good to sell on rallies
May 16, 2016 06:27 am UTC| Technicals
Major support -156 (200 day HMA daily Tenken-Sen) Major intraday resistance -157.35 (daily Kijun-Sen) GBP/JPY has made a low of 155.67 on Friday and slightly recovered from that level. It is currently trading...
May 16, 2016 06:27 am UTC| Technicals
See more bearish potential on rejection below resistance at 1.0782 levels (7DMA), currently the pair is just 10 pips away from crucial support at 1.0750 levels. Earlier, the rejection below resistance from 1.1243...
FxWirePro: Silver rallies above $17.25, good to buy on dips
May 16, 2016 06:06 am UTC| Technicals
XAG/USD is currently trading around $17.27 marks. It made intraday high at $17.31 and low at $17.01 levels. Intraday bias remains bullish till the time pair holds key support at $17.11 marks. On the top...
FxWirePro: AUD/JPY rejected at strong trendline resistance, good to sell rallies
May 16, 2016 05:52 am UTC| Technicals
AUD/JPY was rejected at strong trendline resistance and currently trades at 79.17. The pair recovered sharply from session lows struck at 78.65 in opening trades after dismal Chinese data over the weekend. Upside...
FxWirePro:Gold struggles to break below $1260,good to buy at dips
May 16, 2016 05:32 am UTC| Technicals
Major support - $1261 (21 day MA) The yellow metal has once again taken support near $1260 and recovered from that level. It is currently trading around $1277. Short term trend is slightly bullish as long as...
FxWirePro: USD/JPY finds strong support at 108 levels, good to buy dips
May 16, 2016 05:17 am UTC| Technicals
USD/JPY is extending recovery from Fridays sell-off and is on track to regain 109 handle. Reports that PM Abe may put-off a sales tax hike diminished safe-haven bids for the yen amidst surging Japanese...
FxWirePro: USD/INR fails to sustain above 66.90, intraday bias remains bearish
May 16, 2016 04:52 am UTC| Technicals
USD/INR is currently trading around 66.83. It made intraday high at 66.91 and low at 66.81 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.95 marks. A daily close below...
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