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FxWirePro: EUR/GBP faces strong support around 0.7000, good to buy at dips

Aug 20, 2015 12:00 pm UTC| Technicals

RES 4: 0.7350 RES 3: 0.7290 (161.8% retracement of 0.7159 and 0.6949) RES 2: 0.7225 (Jul 10th high) RES 1: 0.7159 (Jul 27th high) PRICE: 0.7130@ 12:00GMT SUP 1: 0.7090 (Kijun-Sen) SUP 2: 0.7060...

FxWirePro: GBP/AUD credit call spreads for swing trade and call backspreads for hedging on healthy uptrend

Aug 20, 2015 11:56 am UTC| Technicals

We believe GBPAUD uptrend has been quite healthy as the upswings are moving with considerable corrections at the right time, it has neither been steep spikes nor steep declines and you can make out from daily charts as the...

FxWirePro: Aussie breaks short term support 0.7300, good to sell on rallies

Aug 20, 2015 11:28 am UTC| Technicals

RES 4: 0.74275 (Aug 4th high) RES 3: 0.7410 RES 2: 0.7368 (200 day 4HMA) RES 1: 0.7345 (20 day 4HMA) PRICE: 0.73085 @11:27 GMT SUP 1: 0.7315 (Aug 6th low) SUP 2: 0.7250 (161.8% retracement of...

FxWirepro: USD/JPY faces strong resistance around 125, good to sell on rallies

Aug 20, 2015 10:52 am UTC| Technicals

RES 4: 126.88 (161.8% retracement of 124.43 and 120.45) RES 3 : 125.85 (jun 5th high) RES 2: 125.30 (Aug 12th high) RES 1:125 PRICE: 124 @10:48 GMT SUP 1 : 123.75 (200 day 4 HMA) SUP 2: 123.50 ( Jul 31st...

FxWirePro: GBP/USD hits fresh session low at 1.5603 on weak UK retail sales data

Aug 20, 2015 09:54 am UTC| Technicals

GBP/USD dragged to session low at 1.5605 after UK Retail Sales came in below forecasts, rose a meagre 0.1% from June and 4.2% y/y The upward revision to the previous months print failed to have any positive...

FxWirePro: Sell USD/CAD on rallies around 1.31620-650 with SL around 1.3190 for the TP of 1.3055

Aug 20, 2015 09:46 am UTC| Technicals

USD/CAD is facing strong trend line resistance around 1.3190 (trend line joining 1.3150 and 1.3176) and break above confirms further bullishness, a jump till 1.3210 cannot be ruled out . On the downside minor support is...

FxWirePro: Sell GBP/JPY around 193.50-55 with SL around 194.20 for the TP of 192.60/192

Aug 20, 2015 09:09 am UTC| Technicals

GBP/JPY has broken short term trend line support 193.60 which confirms short term bearishness, decline till 192.60/192 cannot be ruled out . Intraday resistance is around 194.20 and any break above targets...

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