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FxWirepro: Sell USD/JPY around 119.10-15 with SL around 119.60 for the TP of 118.45/118.25

Sep 08, 2015 05:22 am UTC| Technicals

USD/JPY has broken minor trend line support 119.10 (trend line joining 118.60 and 118.79) and a decline till 118.25 cannot be ruled out. On the higher major intraday resistance is around 119.60 and any break above targets...

FxWirePro: Buy USD/CAD around 1.3290 with SL around 1.3250 for the TP of 1.3490

Sep 08, 2015 03:44 am UTC| Technicals

USD/CAD has broken short term trend line resistance 1.3280 and is trading well above that level. It is currently trading around 1.3300. The pairs minor resistance is around 1.3350 and any break above targets 1.3490...

FxWirePro: Buy GBP/JPY at dips around 182 with SL around 181.40 for the TP of 183.30

Sep 08, 2015 03:19 am UTC| Technicals

GBP/JPY has taken support near trend line 180 (trend line joining 167 and 174.86) and slightly recovered till 182.35 from that level. The pairs further weakness can be seen only below 179.90 Any break below 179.90 will...

GBP/JPY has enjoyed a 1% bounce to start September

Sep 08, 2015 00:00 am UTC| Technicals

Since Abenomics started weakening the yen in late 2012, GBP/JPY has gained nearly 50%. The gain in real terms is over 60%. The result is that by pretty much any measure, GBP is now overvalued relative to the yen. Shifts in...

FxWirePro: More dependency on China is making ruble weaker – USD/RUB BCS for swing traders

Sep 07, 2015 13:04 pm UTC| Technicals

USDRUB resumed its uptrend back again and has been continuing non-stop streak of rallies upto 69.7622 (todays highs), we project the USD to consolidate in the week ahead without significant economic events scheduled. With...

FxWirePro: EUR/USD key resistance 1.1176, sell deals are recommended around 1.1160

Sep 07, 2015 12:35 pm UTC| Technicals

EUR /USD pair rallied in the late Asian market, but has turned back after failing to break 50% fib retracement level at 1.1176. Currently the pair is attempting to break 1.1140 support level. The overall outlook of this...

FxWirePro: EUR/USD key resistance at 1.1176, sell deals are recommended around 1.1160

Sep 07, 2015 12:31 pm UTC| Technicals

EUR /USD pair rallied in the late Asian market, but has turned back after failing to break 50% fib retracement level at 1. the pair is attempting to break 1.1138 support level. The overall outlook of this pair looks...

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