FxWirePro: GBP/JPY trade idea

Jul 05, 2018 12:39 pm UTC| Technicals

GBP/JPY has shown a minor selling after hitting intraday high of 146.86. The rise of almost 250 pips from the low of 143.76 was mainly due to huge jump in GBPUSD. Cable rose more than 200 pips from low of 1.30496 on...

FxWirePro: US oil extends consolidation with successive spinning tops, technicals show no signs of weakening

Jul 05, 2018 12:38 pm UTC| Technicals

US oil is extending consolidation for the 3rd straight session. We see back-to-back spinning tops at highs which suggests indecision. Price saw brief dip as Irans OPEC Governor Hossein Kazempour called for Trump...

FxWirePro: AUD/USD retraces from lows, hovers around 0.74 handle, focus on FOMC minutes for further direction

Jul 05, 2018 12:10 pm UTC| Technicals

AUD/USD has edges higher from session lows at 0.7361, retakes 0.74 handle. Focus on FOMC minutes for further direction. The major trades in long term downtrend and was rejected shy of 21-EMA on Wednesdays...

FxWirePro: EUR/GBP fades spike on hawkish ECB comments, retraces below 200-DMA

Jul 05, 2018 11:42 am UTC| Technicals

EUR/GBP rebounded from the 0.8800 level on hawkish ECB headlines. A Bloomberg report, citing sources noted that some ECB members see a rate hike at the end of 2019 as too late. The major hit highs of 0.8841...

FxWirePro: GBP/USD trades higher as strong UK economic data raises hopes of Aug rate hike by BOE, markets eye US Fed minutes meeting for further direction

Jul 05, 2018 11:22 am UTC| Technicals

GBP/USD recovered sharply in this week from low of 1.30953 made on Jul 2nd2018.Cable recovered more than 150 pips and is currently trading at 1.32445. The major UK economic data released this week came slightly better than...

FxWirePro: NZD/JPY short-term bulls take-off on hammer pattern, bears stimulate as gravestone doji breaches descending triangle support in major trend

Jul 05, 2018 11:13 am UTC| Technicals Insights & Views

NZDJPY has constantly been tumbling ever since the formation of back-to-back shooting stars at 77.311 and 77.482 levels in the minor trend, the hammer pattern has occurred at 74.681 levels to bounce back (refer daily...

FxWirePro: NZD/JPY short-term bulls take-off on hammer pattern, bears stimulate as gravestone doji breaches descending triangle support in major trend

Jul 05, 2018 11:13 am UTC| Technicals Insights & Views

NZDJPY has constantly been tumbling ever since the formation of back-to-back shooting stars at 77.311 and 77.482 levels in the minor trend, the hammer pattern has occurred at 74.681 levels to bounce back (refer daily...