FxWirePro: Gold pauses after strong rally, bias remains bullish
Mar 17, 2016 17:44 pm UTC| Technicals
The yellow metal paused in afternoon US session as the market took a breather after rally in the European session following Bank of England interest rate decision. The commodity has dipped towards 1265 levels, as...
FxWirePro: GBP/USD remains bullish as rally continues, eyes 1.4600 levels
Mar 17, 2016 15:54 pm UTC| Technicals
GBP/USD rose towards higher levels on Thursday as sterling extended its gains against weaker dollar after Bank of England kept its interest unchanged. The pair rose in quick succession towards higher levels after BoE...
FxWirePro: USD/JPY neutral near-term, scope for further downward downside
Mar 17, 2016 15:03 pm UTC| Technicals
The Japanese yen accelerated its gain against US dollar, pulling the pair all the way towards 110.63 levels. Its lowest since November 10th 2014 before recovering to trade at 111.46 levels, following the release of...
Cable breaks major resistance 1.4400, jump till 1.4500/1.4580 is possible
Mar 17, 2016 12:40 pm UTC| Technicals
Major resistance -1.4400 Major support 1.3450 The pair has broken major resistance around 1.4400 and jumped till 1.44253. It is currently trading around 1.43995. Intraday trend is bullish as long as support...
Mar 17, 2016 11:06 am UTC| Technicals
Major support 159.50 Major intraday resistance 161.05 (55 day 4 H EMA) The pair has broken major support 159.50 and declined till 159.12 It is currently trading around 159.77. Any break below 159.50...

FxWirePro: EUR/USD faces resistance 1.618% extension, good to sell on rallies
Mar 17, 2016 10:14 am UTC| Technicals
Major resistance 1.13200 (161.8% retracement of 1.1280 and 1.10578) The pair has made a high of 1.12963 and slightly decline from that level. It is currently trading around 1.12870. Intraday trend is slightly...
FxWirePro: EUR/GBP upside capped at 0.79, focus on BoE rate decision
Mar 17, 2016 09:31 am UTC| Technicals
Upbeat UK labor market and wage data, pushed EUR/GBP to a daily low of 0.7840 levels on Wednesday. The pair is firmer on the day and is now testing session highs in the vicinity of the key barrier at...