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GBP/CAD takes support near trend line at 2.020, targets 2.050

Sep 24, 2015 06:14 am UTC| Technicals

GBP/CAD has taken support near trend line 2.023 (trend line joining 1.9480 and 2.002) and recovered from that level. It is currently trading around 2.0325. Canadian dollar is trading weak against all major pairs with...

FxWirePro: EUR/JPY debit put spread for hedging – why skew is better for BPS

Sep 24, 2015 06:01 am UTC| Technicals

You want to be short in EURJPY but wouldnt like to have your face ripped off by an upgrade or early earnings? This debit put spreads is a way to take a slightly bearish bet that EURJPY will decline moderately. The...

AUD/USD struggles to hold above 0.7000, decline till 0.6900 is possible

Sep 24, 2015 05:39 am UTC| Technicals

Aussie has made a high of 0.7064 on Tuesday and retreated from that level. It is currently trading at 0.6995. The pairs minor resistance is around 0.7015 (trend line joining 0.7064 and 0.7023) and any break above targets...

FxWirePro: EUR/USD struggles ahead of 1.20 barrier

Sep 24, 2015 05:19 am UTC| Technicals

The single currency clung to broad gains early on Thursday, but is struggling to retake the 1.20 barrier EUR/USD rallied above $1.1200 overnight on ECB comments, and last stood at $1.1187, pulling away from Wednesdays...

USD/JPY slips back below ¥120, advisable to sell on rallies

Sep 24, 2015 03:10 am UTC| Technicals

The yen gained while equities dropped sharply in Japan on Thursday, the first time stock markets had opened since Friday in the Asian nation.The USD/JPY pair fell 0.30% to 119.90 on Thursday morning in Tokyo, from 120.26...

FxWirePro: Sell GBP/JPY on rallies around 182.90-95 with SL around 183.65 for the TP of 182.05/181.25

Sep 24, 2015 02:54 am UTC| Technicals

GBP/JPY breaks minor support 182.90 which confirms intraday weakness , decline till 182 cannot be ruled out . Intraday bullishness can be seen only above 183.65 and any break above will take the pair to next target...

FxWirePro: Buy GBP/USD around 1.5250 with SL around 1.5215 for the TP of 1.5320/1.5360.

Sep 24, 2015 02:33 am UTC| Technicals

Candlestick Pattern- Hammer Cable has made a low of 1.5228 and slightly recovered from that level. It is currently trading at 1.52520 level. The pair also taken support around trend line (trend line joining 1.4568 and...

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