EUR/GBP nearing 0.7372 61.8% retrace

Mar 24, 2015 09:19 am UTC| Technicals

Pair nearing the 61.8% retrace of the 0.7592/0.7015 fall at 0.7372 A break of the level expected or bids raised to the high from Mar 18 at 0.7289 A full retracement to the Feb high at 0.7592 is expected if...

EUR/GBP eyes 0.7353 pre-UK CPI data, 1.36 GBP/EUR

Mar 24, 2015 09:09 am UTC| Technicals

Cross climbs totest 0.7353after German PMI beats 0.7353 = 1.36 in GBP/EUR. Resistance seen ahead 0.7371 0.74 0.7371= 61.8% fibo of 0.7592 (Feb 3 high) to 0.7015 (Mar 11 low) Support seen at 0.7332 ...

EUR/USD sees bull target at 1.1123

Mar 24, 2015 08:51 am UTC| Technicals

Pair likely to test the 1.1062 high from March 18 Possibility to the 1.1123 fibo of the 1.1534/1.0457 fall at 1.1123 Close above the 21 DMA Monday suggests further squeeze 21 DMA acting as support, ...

EUR/USD bulls aim 1.1250

Mar 24, 2015 08:34 am UTC| Technicals

Pair move triggered by short squeeze now needs a shift to longs Breach of 1.1062 expected opening 55-DMA 1.1252 36.2% retr Dec-Mar decline 1.1264 A tough hurdle seen at low after Syriza election win at...

USD/JPY – Bias remains on downside

Mar 24, 2015 08:23 am UTC| Technicals

Japanese importers bids seen at 119.50 levels Japanese pension funds buying on dip near 119.50 reportedly Offers are seen around 120.00; sell stops are close to 119.00 Soft Nikkei futures; 72 hour ...

GBP/USD sees possibility to 1.4890 if UK CPI zero or negative

Mar 24, 2015 08:20 am UTC| Technicals

UK inflation data for Feb due 0930GMT.CPI consensus +0.1% y/y vs 0.3% in Jan GBP could fall to 1.4890 against US dollar if zero or negative number Support seen at 1.4920 (Asia low), 1.4881/86 1.4840...

USD/JPY bears looking for a close sub 119.68

Mar 24, 2015 07:56 am UTC| Technicals

Bears are looking for a daily close below the 119.68 level A daily close below 119.68 will expose 118.95 - 50% of 115.85 to 122.04 119.68 - 38.2% retrace of the 115.85 to 122.04 Jan to Mar up-leg Traders...