GBP/USD seen inching towards 200 HMA at 1.4840

Mar 23, 2015 08:49 am UTC| Technicals

Pair is edging closer to the 200/100 HMA support at 1.4840/19 Efforts to lift in Asia halted at 1.4990, double top 1.4989/90 (Fris high) The following pullback broke below the 10 DMA at 1.4875 Shorts...

GBP/USD broke below 1.49 handle

Mar 23, 2015 08:35 am UTC| Technicals

Pair has dropped over a cent since early Asia test of 1.4989 (Fri high) 1.4856 is 50% retracement of Fridays rally from 1.4722-1.4989 GBP has negative risk for UK election event, hung parliament seen If...

USD/JPY remains bearish

Mar 23, 2015 08:22 am UTC| Technicals

Technical outlook stays bearish; spot front end riskies bid downwards Modest offers seen up to 120.60 Bids seen at 119.75; stops clustered under 119.60 Market weighed by hourly supply at the end of...

USD/CHF limited by 0.9800

Mar 23, 2015 07:11 am UTC| Technicals

Offer seen ahead of Fris high and the 10 DMA that is making a peak near 0.9950 Traders likely to book profits by Weds low or the 100 DMA, last by 0.9600 Slightly bid today so far but gains are capped ahead...

GBP/USD trades in the red

Mar 23, 2015 06:46 am UTC| Technicals

Pairs attempt to lift in Asia capped at 1.4990 levels. Easing in early European session but continues in thin range Double top posted at 1.4989/90 (also Fris high) Shorts active, scope for return to...

EUR/USD, EUR complex muted regardless of weak USD elsewhere

Mar 23, 2015 06:39 am UTC| Technicals

EUR/USD subdued in Asia, slid downwards from early 1.0883 Sydney high to 1.0784. EUR/JPY saw heavy sales post-Tokyo open, moves from 130.39 to 129.51. EUR/USD bounces off lows but hardly sustaining above...

EUR/USD strengthens into new week, makes double top

Mar 23, 2015 06:29 am UTC| Technicals

1.0883 limited gains in Asia making a double top at 1.0882/82 Capped by the 10/21 DMAs at 1.0670 and 1.0919 on the daily charts A break of the 10 DMA is needed by short players, also by Fris 1.0650...