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FxWirePro: GBP/JPY faces strong resistance around 195, good to buy at dips

Aug 17, 2015 05:53 am UTC| Technicals

GBP/JPY has made a low of 192.26 in past week and recovered from that level. Major weekly trend reversal level- 192 break below 192 will drag the pair further down till 191/190.50. The short term trend reversal level-...

FxWirePro: EUR/USD extends bearish tone, positive U.S. data on Friday keeps USD supported

Aug 17, 2015 04:40 am UTC| Technicals

EUR/USD remains capped below 1.1100, extends declines for the fourth straight session on Monday, bearish tone intact. USD bulls remain supported by positive US data released on Friday which further reinforced Sept rate...

USD/CHF takes support near trend line, jump till 0.9900 is possible

Aug 17, 2015 03:40 am UTC| Technicals

USD/CHF has made a low of 0.9676 past week and recovered from that level. It is currently trading at 0.9775 level. Major support is at 0.9676 (trend line joining 0.9328 and 0.9547) and any break below confirms further...

USD/JPY consolidates in narrow range, weakness only below 123.50

Aug 17, 2015 03:12 am UTC| Technicals

USD/JPY has consolidated between between 125.27-123.77 past week.It is currently trading at 124.38. Overall trend is bullish as long as support 123.50 holds. Bullish invalidation only below 123.50. Any break below 123.50...

FxWirePro: USD/JPY key resistance at 124.60, buy deals are recommended around 124.15

Aug 14, 2015 13:10 pm UTC| Technicals

USD/JPY is approaching to test support level at 124.24. The support level at 123.78 is massively strong and set to hold the bears from falling further below 123.78 levels. The pair is set to rebound around 124.00- 124.10...

FxWirePro: USD/CAD key resistance at 1.3078, upside prevails in the short term

Aug 14, 2015 12:48 pm UTC| Technicals

USD/CAD has slipped after hitting daily 50% (fib expansion) at 1.3076 and is trading at 1.3062. 1.3000 levels are very strong for the bears to break. Bullish rebound is set to take off around 1.3030 levels, as this area...

EUR/GBP forms cup and handle pattern, jump till 0.7220 is possible

Aug 14, 2015 12:09 pm UTC| Technicals

RES 4: 0.7290 (161.8% retracement of 0.6949 and 0.7160) RES 3 : 0.7225 (Jul 10th high) RES 2: 0.7159 (Jul 27th high) RES 1: 0.7137 (7 day 4 HEMA) PRICE: 0.7143@ 12:07 GMT SUP 1: 0.7100 (Kijun-Sen) ...

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