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FxWirePro: USD/JPY key resistance at 120.40, sell deals are recommended around 120.20

Aug 25, 2015 12:04 pm UTC| Technicals

USD/JPY is approaching to break resistance level at 120.20. The US dollar has weakened against Japanese yen, after market turmoil in global economy. The pair is set to decline towards 119.70 levels and later towards 119.20...

FxWirePro: Aussie recovers after making a low of 0.7030, good to sell on rallies

Aug 25, 2015 10:47 am UTC| Technicals

RES 4: 0.7410 RES 3: 0.7356 (200 day 4HMA) RES 2: 0.7303 ( 55 day 4 H EMA) RES 1: 0.7268 (20 day 4 HMA) PRICE: 0.72400 @10:42 GMT SUP 2: 0.7250 (161.8% retracement of 0.73266 and 0.74484) SUP 3:...

FxWirePro: USD/JPY faces strong support at 118, good to buy at dips

Aug 25, 2015 10:33 am UTC| Technicals

RES 4: 121 RES 3 : 120.63 (50% retracement of 125.27 and 116.07) RES 2: 120.30 (Tenken-sen) RES 1:119.65 (7 day 4H EMA) PRICE: 119.93 @10:26 GMT SUP 3 :118.80 (Kijun-Sen) SUP 4: 118 SUP3: 116.07 (24th...

GBP/USD faces strong resistance around 1.5800, break above targets 1.5925

Aug 25, 2015 10:04 am UTC| Technicals

GBP/USD is facing strong resistance around 1.5800 and any break above confirms short term bullishness, a jump till 1.5927 cannot be ruled out . On the downside major support is around 1.5745 and break below targets...

FxWirePro: Oil price rebound and stronger European indices boost GBP bulls, cable hits fresh session highs at 1.5799

Aug 25, 2015 09:45 am UTC| Technicals

Markets cheered sharp rebound seen in the oil prices and stronger European indices boosting the GBP bulls GBP/USD edged higher from 1.5750 region to hit session highs at 1.5799, just shy of the 1.58 barrier Cable is...

FxWirePro: XAU/USD to resume downtrend - Delta risk reversal suggests hedging downside costlier

Aug 25, 2015 09:14 am UTC| Technicals

We have obtained a position that would gain value for an increase in underlying price from 1089.15 levels to 1168 levels (this weeks top 1170), but for now delta risk reversal is shifted into red zone again with increased...

EUR/USD struggles to hold above 1.1600, decline till 1.1400 is possible

Aug 25, 2015 08:05 am UTC| Technicals

EUR/USD has made a high of 1.17129 yesterday and declined from that level. Short term trend is still weak as long as resistance 1.1620 holds. Any break above 1.1620 will take the pair to next level at 1.1720/1.1800...

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