FxWirePro: EUR/JPY resumes slide, slips below 133 handle, good to buy dips
Oct 30, 2015 06:15 am UTC| Technicals
EUR/JPY was rejected at 133 handle, and has resumed its downside momentum to currently trade at 132.76 The pair hit session lows at 132.26 post-BOJ policy, staged a remarkable recovery to 133.21 before resuming...
FxWirePro: USD/JPY recovery capped at 121.48, Kuroda’s presser awaited
Oct 30, 2015 05:44 am UTC| Technicals
USD/JPY spiked above the post-FOMC high to hit 121.48, staging a solid recovery from the BOJ-led slump The pair recovered from 120.34 lows, bulls fighting back to regain control Markets now await the BOJ...
FxWirePro: AUD/JPY weaker on breach of crucial supports 86.604 – rebound seems unlikely
Oct 30, 2015 05:43 am UTC| Insights & Views Technicals
The pair has been fragile to hold onto the crucial resistance at around 87.069 and now again failed to hold the supports at 86.604 levels which we already stated earlier that it was unable to breach above these levels, as...
USD/JPY faces strong resistance around 121.50, break above targets 122.40/123
Oct 30, 2015 05:31 am UTC| Technicals
USD/JPY faces strong trend line resistance around 121.50 (trend line joining 121.22 and 121.48) and any break above confirms further bullishness, jump till 122.40 is possible. On the downside minor support is around...
FxWirePro: EUR/USD forms Bullish BAT pattern, good to buy at dips
Oct 30, 2015 04:40 am UTC| Technicals
Harmonic pattern- Bullish BAT pattern Potential Reversal Zone (PRZ) - 1.08450 EUR/USD has made high of 1.09976 today at the time of writing and declined from that level. It is currently trading around...
FxWirePro: USD/JPY key support at 120.50, buy deal are recommended around 120.70
Oct 29, 2015 16:08 pm UTC| Technicals
USD/JPY has rebounded after hitting support level at 120.50 and is bouncing above to test resistance level at 121.13, the support level at 120.50 set to hold the bears from falling further below and push the pair towards...
Dollar/Yen risk reversal hits highest since 2012
Oct 29, 2015 14:53 pm UTC| Insights & Views Technicals
Risk reversal is a measure of volatility skew using options market. In simple words, it is basically volatility difference between call and put. So greater the demand for a particular option, greater is the price and...