FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Nov 03, 2016 14:41 pm UTC| Technicals
USD/JPY inched slightly higher on Thursday as investors seem guarded from making big bets after Federal Reserve signals suggested that it could raise interest rates next month, while investors closely watched developments...

Nov 03, 2016 13:16 pm UTC| Technicals
Major intraday resistance -129.34 (34 day EMA) Major support 126.40 (trend line joining 125.91 and 126.12) GBP/JPY pared its early losses and jumped sharply till 128.50 level. It is currently trading around...

FxWirePro:US Dollar Index trades well below 21- day MA, good to sell on rallies
Nov 03, 2016 12:55 pm UTC| Technicals
US Dollar index declined continuously for the past four trading session .The index has formed a temporary top around 99.12 on Oct 10th 2016 high. It is currently trading around 97.36. On the lower side 97.40 (23.6%...

Nov 03, 2016 10:48 am UTC| Technicals
Despite the todays rallies of USDMXN might have been exhausted at the highs of 19.5456 and began dropping from then, this should not be deemed as a bearish pressure. The current prices spike above DMAs after taking...

FxWirePro: FTSE100 forms bullish Bat pattern, good to buy on dips
Nov 03, 2016 10:05 am UTC| Technicals
Harmonic pattern formed- Bullish bat Pattern Potential Reversal Zone (PRZ)- 6765 The index declined continuously for the past seven days and tested 6824 at the time of writing. It is currently trading around...

FxWirePro: EUR/GBP range bound, focus on BoE policy decision and inflation report
Nov 03, 2016 07:08 am UTC| Technicals
EUR/GBP trades an extremely narrow 16 pip range into the European session. Markets focus on BoE policy rate decision along with inflation forecasts for further impetus on the pair. Ongoing sterling depreciation...

FxWirePro: GBP/JPY trades lower, good to sell on rallies
Nov 03, 2016 07:06 am UTC| Technicals
Major intraday resistance -127.40 (55- H EMA) Major support 126.40 (trend line joining 125.91 and 126.12) GBP/JPY made a temporary top around 129.02 and declined sharply from that level. It is currently trading...