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FxWirePro: CAD/JPY faces strong support at 200 day 4HMA, good to sell on rallies

Feb 03, 2016 06:53 am UTC| Technicals

Major support: 84.65 (200 day MA) Major resistance -85.75 (Tenken-Sen) The pair has taken support near 200 day MA and slightly recovered from that level. Short term trend is bearish as long as resistance 85.75...

FxWirePro: AUD/JPY upside stalls, good to sell rallies around 84.20

Feb 03, 2016 06:49 am UTC| Technicals

Pair unable to extend gains beyond 86.35 levels which is also 61.8% Fib retrace of 90.72 to 79.21 fall. Pair rejected at strong trendline resistance on Tuesday, sees big slump.Spinning top formation evidenced when...

EUR/USD remains neutral below $1.1059, Euro zone Services PMI data in focus

Feb 03, 2016 06:36 am UTC| Technicals

Pair is currently trading at $1.0916 levels, made intraday high at $1.0935 and low at $1.0911 levels. Intraday bias remains under consolidation pattern below $1.1059 levels, a break of $1.1059 will bring another rise in...

FxWirePro: GBP/JPY faces strong resistance around 173.75, good to sell on rallies

Feb 03, 2016 06:30 am UTC| Technicals

Major support - 171.90 (Kijun-Sen) The pair has taken support near trend line at 171.95 (trend line joining 164.69 and 166.97) and slightly recovered from that level. On the downside major support is around 171.90 and...

FxWirePro: AUD/JPY still seems weaker on breach of crucial supports 84.078 – rebound seems unlikely after poor trade balance

Feb 03, 2016 05:53 am UTC| Technicals

After the breach of support 85.646, we think the pair has gone fragile to evidence more dips upto next strong supports at around 83.400 and 82.914 and on intraday terms now again failed to hold the crucial supports at...

GBP/USD faces strong resistance around 1.4450, break above targets 1.4570

Feb 03, 2016 05:37 am UTC| Technicals

Major resistance -1.4450 (trend line joining 1.43626 and 1.44074) The pair has recovered from yesterday low of 1.4326 and reached till 1. is currently trading around 1.44076. The pair is facing major resistance...

XAU/USD intraday outlook

Feb 03, 2016 05:13 am UTC| Technicals

Pair is well supported around $1126 marks, made intraday high at $1128 and low at $1125 levels. Intraday bias remains neutral below $1128 marks. A break of $1132 will confirm the bullish trend and may drive...

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