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GBP/USD trades well above 1.4300, jump till 1.4500 is possible

Jan 27, 2016 05:40 am UTC| Technicals

Cable made a low of 1.4170 yesterday and started to recover from that level. It is currently trading around 1.43466. The pair has broken major resistance 1.4270 (tenken-Sen) and jumped till 1.43670. On the top...

FxWirePro: Downside bias for EUR/JPY builds, sell rallies around 128.50

Jan 27, 2016 05:18 am UTC| Technicals

EUR/JPY extends range trade between 128.75/35, the pair has been trading a falling wedge pattern, and scope builds for further downside. We see Stochs have approached overbought territory on daily charts and have...

XAU/USD intraday outlook

Jan 27, 2016 04:44 am UTC| Technicals

Pair is just supported below major resistance level at $1122 level. It is currently trading at $1120 levels and made intraday low at $1118 levels. Downside correction is expected below $1122 levels. If pair...

FxWirePro: AUD/JPY faces strong resistance at 83.35, good to sell rallies

Jan 27, 2016 04:14 am UTC| Technicals

Upbeat Australian Q4 2015 CPI data will likely make the case for further RBA cuts more difficult to defend, a positive for the Aussie. Upbeat Q4 CPI data, which came in at 0.4% q/q above expectations for 0.1% rise...

Aussie erased previous gain despite positive CPI numbers

Jan 27, 2016 04:03 am UTC| Technicals

AUD/USD supported just above $0.7000 mark, made intraday high at $0.7041 levels. Aussie erased previous gain and currently trading at $0.7010 levels. The CPI rose 0.4% over the October-December period, easing...

FxWirePro: AUD/USD holds above 0.70 handle, good to buy dips, weakness only below 0.6920

Jan 27, 2016 03:52 am UTC| Technicals

AUD/USD spiked to hit session highs at 0.7041 on upbeat Q4 CPI data, which came in at 0.4% q/q above expectations for 0.1% rise. The pair has since given up most of the gains, but is still holding above the 0.70...

Major Asian Indices technicals

Jan 27, 2016 02:59 am UTC| Technicals

Hang Seng: Hang Seng has broken minor resistance 19000 and jumped till 19250 at the time of writing.It is currently trading around 19093. Short term trend is still weak as as resistance 19500 holds. The index...

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