FxWirePro: Hedge GBP/JPY downside risks via debit put spread
Nov 16, 2015 07:05 am UTC| Technicals
Japans lackluster preliminary GDP figures give us the hints on contraction in economic growth. Last weeks reducing unemployment in U.K. leads more consumer buying sentiments which in turn signs on GBPs strength. More...
CAD/JPY breaks minor support 92, decline till 90.60 is possible
Nov 16, 2015 06:55 am UTC| Technicals
CAD/JPY has broken major support 92 and declined till 91.78. It is currently trading around 91.97. Canadian dollar is trading weak against all major pair as oil prices tumbled near $40 due fresh signs of increasing...
FxWirePro: GBP/JPY breaks out 186.694 with Doji, one touch puts to target at 185.829
Nov 16, 2015 06:20 am UTC| Technicals
On daily chart, the pair has made a breakout below key support at around 186.694 levels, a formation of doji at this level signifies serious weakness in this pair.Alternatively if it manages to hold the support at 185.829,...
FxWirePro: BTC/USD consolidates in narrow range, good to sell on rallies
Nov 16, 2015 05:54 am UTC| Technicals Digital Currency
BTC/USD has recovered till $356 after making a low of $294. It is currently trading around $320. Short term trend is still bearish as long as resistance $370 holds. On the downside major support is around $300 and...
FxWirePro: GBP/INR outlook – upside reward attractive
Nov 16, 2015 05:39 am UTC| Insights & Views Technicals
Pound faced severe backlash just a little more than week back, when Bank of England (BOE) pushed back inflation and rate hike expectations in its monetary policy statement, quarterly inflation bulletin and minutes, pushing...
FxWirePro: AUD/USD holds above 0.71 barrier, good to buy dips
Nov 16, 2015 04:47 am UTC| Technicals
The antipodeans had a subdued tone on Monday as investors showed caution following the Paris terror-strike which triggered risk-off sentiment. AUD/USD opened Mondays trade at 0.7106, down from a peak of 0.7160 on...
FxWirePro:Sell GBP/JPY on rallies around 186.35-40 with SL around 187 for the TP of 185/184.70
Nov 16, 2015 04:06 am UTC| Technicals
GBP/JPY has made a high of 187 and retreated from that level.Overall trend is bearish as long as 187 holds. On the lower side major support is around 185.70. Any break below 185.70 will drag the pair further down...
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