GBP/JPY faces strong support at 185.70, targets 187.50
Nov 10, 2015 07:04 am UTC| Technicals
GBP/JPY has made a low of 185.80 yesterday and recovered till 186.60. Short term trend is bullish as long as support 185.70. The pairs minor support is around 185.70 and break below targets...
FxWirePro:USD/CHF consolidates between narrow range, good to buy at dips
Nov 10, 2015 05:25 am UTC| Technicals
USD/CHF is consolidating between 1.0076 and 0.99967 for past two trading . It is currently trading around 1.00430. Short term trend is bullish as long as support 0.9980 holds. On the downside any break below...
EUR/USD key resistance at 1.0830, bearish in the short term
Nov 09, 2015 19:32 pm UTC| Technicals
EUR/USD slipped to 5 month low last Friday as the greenback rose against euro following stronger than expected non -farm payrolls data. The EUR/USD pair made modest gain in early European session hitting as high as 1.0793...
FxWirePro: GBP/USD key resistance level at 1.5107, bearish in the short term
Nov 09, 2015 15:26 pm UTC| Technicals
GBP/USD made some gains against dollar in todays mid European session hitting as high as 1.5114 levels before decline to trade around 1.5084. On the data front, The UK will release average earnings index, claimant count...
FxWirePro: USD/JPY key support at 122.64, buy deal are recommended around 122.80
Nov 09, 2015 14:44 pm UTC| Technicals
USD/JPY opened around 123.30 and inched higher in the earlier session recovering upto 123.52 levels. Currently the price action is struggling around 123.50 levels, nevertheless short pullback towards 122.80 levels should...
FxWirePro: USD/CAD key support at 1.3215, bullish in the short term
Nov 09, 2015 13:41 pm UTC| Technicals
USD/CAD pair has begun the week declining from Fridays close to trade around 1.3250 levels after failing to break minor resistance level located at 1.3309 in the early European session today. However, decline is expected...
FxWirePro: Delta hedging of USD/CAD ATM calls as uptrend seems to be puzzling
Nov 09, 2015 13:08 pm UTC| Technicals
The prevailing uptrend of USD/CAD seems to be exhausted in an attempt to evidence months high, for now the pair is looking weaker as it was unable to sustain 1.3316 (2 months highs). The leading oscillating indicator...