FxWirePro: GBP/USD holds above 1.2400 but upside is limited
Mar 22, 2017 14:45 pm UTC| Technicals
GBP/USD declined on Wednesday as pound halted its rise on speculation that the Bank of England will raise rates within the next year was cooled by broader concerns about a Brexit-driven economic slowdown. The pound...
FxWirePro: USD/JPY resumes downside after failing to break above 111.72
Mar 22, 2017 13:48 pm UTC| Technicals
USD/JPY declined on Wednesday as investors sold riskier assets and rushed towards safe havens, such as gold and Japanese yen, on concerns about U.S. President Donald Trumps economic growth agenda. Investors became...
FxWirePro: GBP/USD faces strong resistance at 1.2520, good to sell on rallies
Mar 22, 2017 13:03 pm UTC| Technicals
Major resistance 1.2520 Cable rallied sharply till 1.2505 after better than expected CPI data yesterday. The pair has shown minor selling from the high. The pair is facing strong resistance around 1.2520 and any...
Mar 22, 2017 11:59 am UTC| Technicals
Major support 0.99140 (Trend line joining 0.95370 and 0.96788 and 200- day MA). Major intraday resistance 0.9960 (support turned into resistance). USD/CHF has formed a temporary top around 1.01700 and declined...
FxWirePro: GBP/JPY breaks trend line support, decline till 136.45 likely
Mar 22, 2017 10:31 am UTC| Technicals
Major support 138.60 (trend line joining 138.43 and 138.56). GBP/JPY has broken short term trend line support at 138.60 and declined till 138.46 at the time of writing. It is currently trading around 138.66. The...
FxWirePro: Sell EUR/USD on rallies
Mar 22, 2017 09:24 am UTC| Technicals
Major intraday support 1.07890 (hourly Kijun-Sen) EUR/USD was consolidating narrow range for past 17 hours after hitting high of 1.08193 yesterday. The high formed at 1.08288 on Feb 2nd 2017 is acting as short term...
FxWirePro: USD/CHF downside confined by trend line, good to buy on dips
Mar 22, 2017 09:13 am UTC| Technicals
Major support 0.99140 (Trend line joining 0.95370 and 0.96788 and 200- day MA) Major intraday resistance 0.9960 (support turned into resistance) USD/CHF has formed a temporary top around 1.01700 and declined...
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