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FxWirePro: USD/JPY struggles to extends higher, awaits data for further direction

Aug 18, 2015 04:26 am UTC| Technicals

USD/JPY trades modestly flat at 124.45, extends range trade for the second consecutive day Markets await U.S. housing starts and building permits data due later tonight and in the week ahead for further...

FxWirePro: USD/JPY consolidates in narrow range, buy at dips

Aug 18, 2015 03:29 am UTC| Technicals

USD/JPY has consolidated between between 124.56-124.21 yesterday.It is currently trading at 124.42. Overall trend is bullish as long as support 123.50 holds. Bullish invalidation only below 123.50. Any break below...

Aussie takes support near 0.7340, jump till 0.7500 is possible

Aug 18, 2015 02:59 am UTC| Technicals

AUD/USD consolidates in narrow range 0.7340-0.73955 for the past two trading session. Major trend reversal level- 0.7400 Break above would extend gains till 0.7450/0.7500 in short term. On the downside minor...

FxWirePro: USD/JPY key resistance at 124.49, buy deals are recommended around 124.20

Aug 17, 2015 14:00 pm UTC| Technicals

USD/JPY is approaching to break resistance level at 124.33. The support level at 123.78 is very strong and set to hold the bears from falling further below 123.78 levels. The pair is set to rebound around 124.20 levels and...

FxWirePro: USD/CHF is approaching support level at 0.9749, buy deals are recommended around 0.9720

Aug 17, 2015 13:25 pm UTC| Technicals

USD/CHF pair is approaching support level 0.9749, the support level at 0.9715 has been supportive for the bears in the recent past, and a strong rebound is expected soon around 0.9715 levels, as dollar is set to gain...

FxWirePro: GBP/USD key support level at 1.5611, bullish in the short term

Aug 17, 2015 12:57 pm UTC| Technicals

The cable is approaching to test resistance level at 1.5651. A breakout at the said resistance level will unleash a strong bullish momentum which may pull it all the way towards 1.6725 (23.6% Retracement Level). Pull...

GBP/JPY Trade Idea

Aug 17, 2015 12:21 pm UTC| Technicals

GBP/JPY has made a low of 192.26 in past week and recovered from that level. Major weekly trend reversal level- 192 break below 192 will drag the pair further down till 191/190.50. The short term trend reversal...

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