FxWirePro: GBP/JPY faces strong support at 135, good to buy on dips
Sep 12, 2016 06:21 am UTC| Technicals
Major support 135.09 (38.2% retracement of 138.83 and 129.06). Major resistance 137.66 (55-day EMA). GBP/JPY has retreated after making a high of 137.13. It is currently trading around 136.08. On the lower...
FxWirePro: EUR/JPY trades a narrow range, upside capped by 55-EMA at 115.37
Sep 12, 2016 06:00 am UTC| Technicals
EUR/JPY rangebound in the Asian session, Doji formation seen. Upside capped by 55-EMA at 115.37, break above finds next major resistance at 115.87 (trendline). We see scope for test of 20-DMA at 114.31, break...
Gold trades slightly below 21-day MA, dip till $1311 likely
Sep 12, 2016 05:44 am UTC| Technicals
Major support $1332 (21-day MA). Major resistance - $1345 The yellow metal has broken major support at $1332 and slightly declined till $1325 at the time of writing . It is currently trading around...
FxWirePro: USD/CNY exhibits range bound movement, PBoC sets yuan mid-point at 6.6908
Sep 12, 2016 05:40 am UTC| Technicals
USD/CNY is currently trading around 6.6752 marks. It made intraday high at 6.6860 and low at 6.6640 levels. Intraday bias remains bullish till the time pair holds key support at 6.6600 marks. On the top...
FxWirePro: AUD/USD finds major support at 0.75, good to short break below
Sep 12, 2016 05:22 am UTC| Technicals
AUD/USD is extending downside after rejection at major trendline resistance at 0.7732 in Thursdays trade last week. As mentioned in our previous call...
FxWirePro: USD/INR remains well supported below 67.00 mark; stay bearish
Sep 12, 2016 04:43 am UTC| Technicals
USD/INR is currently trading around 66.87 marks. It made intraday high at 66.92 and low at 66.85 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 67.05 marks. Key...
FxWirePro: EUR/GBP price action holds above daily cloud, on track to test 20-DMA at 0.8513
Sep 12, 2016 04:18 am UTC| Technicals
EUR/GBP trades a narrow range in the Asian session, finds strong support at 0.8440 (converged 510 DMA). Violation there could see next major support by cloud top at 0.8431. EUR/GBP has bounced off from major...
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