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FxWirePro: Buy GBP/JPY above 138.85

Nov 22, 2016 06:28 am UTC| Technicals

Major resistance- 138.85 (Sep 2nd high) Major support 135.90 (23.6% retracement of 126.70 and 138.85) GBP/JPY has jumped sharply after declining till 136.28 level. The pair jumped till 138.86 the high formed on...

FxWirePro: USD/INR hovers around fresh 5-month high at 68.25 mark, stay bullish

Nov 22, 2016 06:25 am UTC| Technicals

USD/INR is currently trading around 68.11 marks. It made intraday high at 68.20 and low at 68.04 marks. Intraday bias remains bullish till the time pair holds immediate support at 67.72 marks. Key...

FxWirePro: NZD/USD bounces-off 61.8% Fib support, retakes 200-DMA, further upside likely

Nov 22, 2016 06:09 am UTC| Technicals

NZD/USD has taken 61.8% Fib support and edged higher, weakness only on break below. The pair has re-taken 200-DMA and has closed above 5-DMA on Mondays trade. Upside is struggling to clear past 50% Fib at 0.7080,...

FxWirePro: Gold upside capped by 7- day EMA, good to buy on dips

Nov 22, 2016 05:50 am UTC| Technicals

Major resistance $1225(7-dayEMA) Major support - $1200 The yellow metal recovers sharply after declining till $1205.83 and is currently trading around $1216. Gold upside is capped by 7 day EMA ($1225) and...

FxWirePro: USD/JPY whipsaws pattern in major trend evidences bull swings that attempt to spike above 21-EMA – One touch binaries as rallies likely to drag

Nov 22, 2016 05:41 am UTC| Technicals

Ever since the pair has shown a gap up pattern on 07/11 that has gone above DMAs, the current upswings have managed to break-out important resistances of 104.328, 105.529, 106.870 and currently attempting to break out...

FxWirePro: AUD/USD upside capped below 0.74 handle, intraday bias higher

Nov 22, 2016 05:19 am UTC| Technicals

Risk-on persists in full swing, underpinning sentiment around higher-yielding currencies such as the AUD. Broad-based US dollar weakness also aids the ongoing recovery in the Aussie. Focus today remains RBA Kents...

FxWirePro: USD/CNY stable around 6.89 mark after Fitch affirms china at 'A+' with stable outlook

Nov 22, 2016 04:27 am UTC| Technicals

USD/CNY is currently trading around 6.8901 marks. It made intraday high at 6.8952 and low at 6.8812 levels. Intraday bias remains bullish till the time pair holds key support at 6.8550 marks. On the top...

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