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GBP/JPY Trade idea

Sep 13, 2016 07:43 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 once again recovered after making a low of 135.17. It is currently trading around 135.90. On...

FxWirePro: AUD/JPY breaks major support at 76.80, scope for test of 76 levels

Sep 13, 2016 07:41 am UTC| Technicals

AUD/JPY slips below 20-DMA at 77.30 on Mondays trade, intraday bias lower. Techs are bearish, we see scope for test of trendline support at 76. Major support levels - 76.50 (Aug 2, 3 low), 76.41 (Sept 12 low),...

FxWirePro: Chinese yaun falls despite higher than expected retail sales, industrial production data

Sep 13, 2016 07:27 am UTC| Technicals

USD/CNY is currently trading around 6.6827 marks. It made intraday high at 6.6873 and low at 6.6780 levels. Intraday bias remains bullish till the time pair holds key support at 6.6710 marks. On the top...

FxWirePro: EUR/USD faces strong resistance at 1.12780, good to sell on rallies

Sep 13, 2016 07:07 am UTC| Technicals

Major support- 1.118 (90- day EMA). Major resistance 1.12780 (61.8% retracement of 1.13269 and 1.11986). EUR/USD has declined sharply after making a 1.12678 yesterday. It is currently trading around...

FxWirePro: DAX30 takes support near 23.6% fibo, good to sell on rallies

Sep 13, 2016 06:49 am UTC| Technicals

Major support 10300 (38.2% retracement of 10806 and 8695). Major resistance 10806 DAX30 has taken support near 23.6% retracement of 10806 and 8695 and slightly jumped from that level. It is currently trading...

FxWirePro: Turkish lira weakens against U.S. dollar, consistent break above 2.9932 targets 3.0268

Sep 13, 2016 06:36 am UTC| Technicals

USD/TRY is currently trading at 2.9778 levels. It made intraday high at 2.9787 and low at 2.9624 levels. Intraday bias remains bullish till the time pair holds key support at 2.9614. Key resistances are seen...

FxWirePro: GBP/USD: Buy above 1.3350

Sep 13, 2016 06:20 am UTC| Technicals

Major resistance- 1.3350 Major support -1.3235 (14 day MA) Cable has recovered sharply from the low of 1.3235 and is currently trading around 1.33305. The pair should break above 1.3350 for further...

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