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GBP/USD breaks 200 day HMA, decline till 1.5250/1.5170 is possible

Jun 05, 2015 11:04 am UTC| Technicals

RES 3: 1. 5430 (May 27th high) RES 3: 1.5380 (Jun 3rd high) RES 2: 1. 5350 (20 day HMA) RES1: 1.5325 (Support turned into resistance) PRICE: 1.53026@ 10:55 GMT SUP 1: 1.5300 (May 27th low) SUP2 :...

USD/JPY recovers from 123.75, good to buy at declines

Jun 05, 2015 10:48 am UTC| Technicals

RES 4:126.20 RES 3 : 125.79 (161.8% retracement of 121.83 and 115.55) RES2: 125.04 (Jun 2nd high) RES 1: 124.70 PRICE: 124.80 @ 10:43 GMT SUP 1: 124.48 (20 day HMA) SUP 2: 123.70 (Jun 2nd low) ...

GBP/AUD rally struggles to overcome resistance at 2.0035-55

Jun 05, 2015 04:35 am UTC| Technicals

Cross stifled by this level 4 times in last 7 trading days Failure here in mid-Feb resulted in 6% decline by late March A daily close below 2.0035 will open recent lows at 1.9600 1.9400 Clear break...

NZD/USD sideways movement, eyes on US NFP job data

Jun 05, 2015 03:19 am UTC| Technicals

US NFPs has traders sidelined with looming end week added dampener Fitch says run of low milk prices impairs banks asset quality for NZD RBNZ has flagged systemic risk as highly leverage farms cash flow...

EUR/USD short term technical bearish, supported above 1.1200

Jun 05, 2015 03:08 am UTC| Technicals

Greece on many minds with IMF payment delay, now bunched June 30, no deal yet Stops hit below 1.1220, 1.1200 levels Hourly cloud currently 1.1100-1.1223, to peak...

USD/JPY doing little in Asia, 124.26-57 range

Jun 05, 2015 02:56 am UTC| Technicals

Bids heavy at 124.80, 124.90, 124.95, big portion option-related Slew of nearby, topside USD calls expiring out to June 22 Japan dip buy starts still in place, bids large from 124.00 Stops mixed in...

Pair trend higher has no end in sight due to lack of USD supply

Jun 05, 2015 02:48 am UTC| Technicals

Corporate FX hedging takes its toll, Barclays estimate USD4-8bln next 6-12 months Hedging a new development, significant amounts done in past 12 months Structural current account deficit tends to be ...

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