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FxWirePro: GBP/USD key support at 1.5347, bullish in the short term

Oct 22, 2015 14:08 pm UTC| Technicals

The Cable has slipped backwards from 1.5500 levels to hit low at 1.5401 in early the US Session, after dovish comments from ECB. However, the pair is expected to rebound sooner or later as the pair is strongly supported...

FxWirePro: USD/CAD key support at 1.3054, buy deals are recommended around 1.3090

Oct 22, 2015 12:39 pm UTC| Technicals

The USDCAD pair surged higher strongly yesterday towards 1.3140 levels gaining more than 120 pips However, in todays European session, the pair has started retracing towards 1.3090 levels. The pair is set to consolidate...

FxWirePro: USD/JPY struggles to hold above 120, good to sell on rallies

Oct 22, 2015 11:57 am UTC| Technicals

RES 4: 121.75 (28th Aug 2015) RES 4:121.30 ( SEP 10TH HIGH) RES 3: 120.56 (Oct 6th 2015) RES 1: 120.10 (Oct 22nd high) PRICE: 119.78 @11:21 GMT SUP1: 119.50 (200 day HMA) SUP 2 : 119 (50% retracement of...

FxWirePro: EUR/GBP faces short term support around 0.7300, good to sell on rallies

Oct 22, 2015 11:24 am UTC| Technicals

RES 4: 0.7480 (May 5th 2015) RES 3: 0.7450 (Oct 2nd 2015) RES 2: 0.7420 (Cloud top) RES 1 :0.7340(200 day 4HMA) PRICE: 0.7311 @ 11:19 GMT SUP 1: 0.7300 (Sep 25th 2015) SUP 2:...

GBP/USD Trade idea

Oct 22, 2015 10:17 am UTC| Technicals

Cable was trading in narrow range around 1.5410 and 1.55080. Any further bullishness can be seen only above 1.5500. GBP/USD has made a high of 1.55067 after better than expected retail sales data. It is currently trading...

FX Hedging Strategy Series

FxWirePro: Option arbitrage for EUR/GBP as NPV of ATM calls indicates overpriced premiums

Oct 22, 2015 09:47 am UTC| Technicals

The implied volatility of ATM contracts for near month expiries of this the pair is at around 8.5%. NPV of ATM call - 409.79 while Premiums trading above 16.40% at GBP 477.01 for lot size 100,000 units. NPV of ATM...

GBP/USD faces strong resistance at 1.5510, any bullishness only above that level

Oct 22, 2015 09:05 am UTC| Technicals

Cable was trading in narrow range around 1.5410 and 1.55080. Any further bullishness can be seen only above 1.5500. GBP/USD has made a high of 1.55067 after better than expected retail sales data. It is currently trading...

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