FxWirePro: AUD/JPY edges higher from session lows at 89.71, bias still lower, good to sell rallies
Aug 21, 2015 07:40 am UTC| Technicals
AUD at mercy of stock unwind trades after latest Chinese PMI data exacerbated the sense of risk-aversion Asian markets extend their free-fall for the second straight session on Friday, stock sell-off suggests more...

AUD/JPY faces major support at 89.50, break below targets 86.50
Aug 21, 2015 07:36 am UTC| Technicals
AUD/JPY is trading near major trend line support 89.50 (trend line joining 89.15 and 89.33) and any break below will drag the pair further down till 86.40/84. It has made a low of 90.23 and closed at 90.49 yesterday....
FxWirePro: EUR/GBP bull spreads for hedging on uncertain upswings
Aug 21, 2015 07:13 am UTC| Technicals
We could foresee the bulls taking halt at this point, this has been confirmed when yesterdays highs pulled down while rising volumes, this would reveal losing short term buying interests. There was no clarity from leading...

GBP/JPY takes support around 193 level, jump till 194.20 is possible
Aug 21, 2015 06:24 am UTC| Technicals
GBP/JPY breaks short term trend line support 192.97 and slightly recovering from that level. Intraday trend is bullish as long a support 192.70 holds. Any break below 192.70 will drag the pair further down till...

USD/JPY faces strong support near 122.70, slight pullback till 123.75 is possible
Aug 21, 2015 05:58 am UTC| Technicals
The pair has made low of 123.32 and closed at 123.35 yesterday. It has broken major support in Asian session as Asian markets extend their free fall for the second straight session. The demand for safe haven assets like...

EUR/USD breaks major resistance 1.1218, targets 1.1465
Aug 21, 2015 03:16 am UTC| Technicals
EUR/USD has broken major BIG W pattern resistance 1.2180 and jumped till 1.12775. It will be facing short resistance around 1.12780 and any break above targets 1.13480/1.1430 in short term. The pairs short term support...
FxWirePro: AUD/USD key resistance at 0.7354, sell deals are recommended below 0.7340
Aug 20, 2015 14:07 pm UTC| Technicals
AUD/USD rebounded strongly from 0.7283 levels to hit daily highs at 0.7328 levels. The pair is retreating back after hitting strong resistance at 0.7328 levels. The pair is expected to decline further towards 0.7300 and...