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GBP/JPY Trade Idea

Mar 02, 2016 11:52 am UTC| Technicals

Major resistance - 158.80 (trend line joining 175.05 and 173.73) Major support - 158 (55 day H EMA) GBP/JPY has broken major resistance 158.80 and jumped till 159.50. It is currently trading around 159.10. Intraday...

South Africa's rand weakens more than 1 pct against dollar, buy on dips

Mar 02, 2016 10:44 am UTC| Technicals

Pair is currently trading at 15.7113 levels. It made intraday high at 15.7420 and low at 15.5381 levels. Intraday bias remains bullish for the moment. Key support level falls at 15.5221. A break below will take the...

Cable breaks major support at 1.3940, targets 1.3835/1.3780

Mar 02, 2016 10:21 am UTC| Technicals

Major resistance -1.4020 Minor resistance - 1.3980 Cable has broken major support 1.3940 and declined till 1.39140 at the time of writing. It is currently trading around 1.39278. On the lower side any break below 1.3940...

Indian rupee back below 68.00, intraday bias remains neutral

Mar 02, 2016 09:41 am UTC| Technicals

USD/INR is currently trading at 67.6050 levels. It made intraday high at 67.76 and low at 67.59 levels. Intraday bias remains neutral till the time pair holds key support level at 67.50. A daily close below...

EUR/NOK hovers around 9.40 mark, likely to buy on dips

Mar 02, 2016 09:13 am UTC| Technicals

Pair is currently trading at 9.4000 levels. It made intraday high at 9.4355 and low at 9.3786 levels. Intraday bias remains bullish till the time pair holds key support level at 9.3786. A daily close below...

FTSE100 faces strong resistance around 6210, break above targets 6325

Mar 02, 2016 09:09 am UTC| Technicals

Major resistance - 6210 (trend line joining 6874 and 6764) Minor support - 6149 The index has made a high of 6209 at the time of writing and slightly retreated from that level. It is currently trading around...

FxWirePro: GBP/AUD to test support at 1.9309, Is it a bounce above 38.2% retracements or tumble to 50%?

Mar 02, 2016 08:10 am UTC| Technicals

Well, no trace of bulls in this bearish trend yet, weve been stating more bearish swings ever since the formation of gravestone doji and hanging man patterns, now you would have seen a steep slump from the peaks of 2.2108...

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