
Jan 22, 2016 10:06 am UTC| Technicals
Major resistance - 167.85 (Tenken-Sen) Major intraday Support -166.80 (5 day MA) GBP/JPY has broken major resistance around 167.85 and jumped till 169. It is currently trading around 168.72. It is facing...

FxWirePro: NZD/JPY extends recovery from multi-month lows, bias higher
Jan 22, 2016 09:32 am UTC| Technicals
NZD/JPY extending recovery from multi-month lows at 73.65, trades above 510 day MAs, close above could see further upside. Kiwi was a major beneficiary of improving risk appetite and oil price rebound and movements...

GBP/USD breaks minor resistance around 1.4250, jump till 1.4330 is possible
Jan 22, 2016 09:28 am UTC| Technicals
Major resistance - 1.4250 The pair has broken major resistance around 1.4250 and jumped till 1.42725 at the time of writing. Any break above 1.4250 will drag the pair up till 1.4300//1.4326 (55 day 4 EMA)/1.4340 level...

GBP/USD intraday bias bullish, major support holds at $1.4079 levels
Jan 22, 2016 09:14 am UTC| Technicals
Pair is well supported above $1.4250 levels, made intraday low at $1.4204 levels. Intraday chart provides bullish signal if pair holds above $1.4125 levels. To the downside support levels are falls at $ 1.4125...

FxWirePro: EURGBP gamma spreads to optimize through HY IVs
Jan 22, 2016 08:42 am UTC| Technicals
The implied volatility of ATM contracts for near month expiries of this the pair is at around 13.25% for 1W contracts which is second highest among G10 currency space. It is very risky venture to hedge or speculate with...

Jan 22, 2016 08:16 am UTC| Technicals Central Banks
BoE has recently stood pat at the benchmark UK interest rate at 0.5%. This unchanged rate was no surprise to the forecasts. BoEs QE in Jan total GBP stays flat at 375 bln GBP vs previous 375 bln GBP. The implied...

FxWirePro: EUR/GBP hovers around 10-DMA support, further weakness on breaks below
Jan 22, 2016 07:52 am UTC| Technicals
EUR/GBP extends its daily decline, 10-DMA at 0.7598 caps downside for now, further weakness can be seen on breaks below. Unexpected dovish tone at Draghis press conference on Thursday has opened the door to a...