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GBP/USD Trade idea

Oct 26, 2015 11:57 am UTC| Technicals

GBP/USD has made a low of 1.53057 and slightly recovered from that level. It is currently trading at 1.5335. The pair is facing trend line resistance around 1.5355 (trend line joining 1.55067 and 1.54190) and break above...

FxWirePro: USD/JPY struggles to close above 121, good to buy at dips

Oct 26, 2015 11:54 am UTC| Technicals

RES 4: 123 (161.8% retracement of 121.72 and 118.05) RES 3: 122 RES 2: 121.75 (28th Aug 2015) RES 1:121.30 ( SEP 10TH HIGH) PRICE: 120.99 @11:43 GMT SUP 1: 120.80 (Kijun-Sen) SUP 2: 120.50 (20 day...

CHF/JPY breaks major trend line support, targets 122.40

Oct 26, 2015 11:44 am UTC| Technicals

CHF/JPY has broken strong trend line support around 123.53 (trend line joining 122.34 and 123.44) and break below confirms major weakness , a decline till 123/122.60 is possible . On the higher side bullishness can be...

FxWirePro: USD/JPY faces strong support around 120.50, good to buy at dips

Oct 26, 2015 11:09 am UTC| Technicals

USD/JPY has retreated till 120.78 today at the time of writing after making a high of 121.50. Short term trend is bullish as long as support 120.68 holds. On the higher side minor resistance is around 121.50 and...

FxWirePro: Cloud top at 1.3171 a strong resistance for USD/CAD, close above could see further upside

Oct 26, 2015 10:08 am UTC| Technicals

USD/CAD broke above the cloud top (1.3173) on Friday, but failure above cloud supporting bears A daily close above the cloud top will put the bias on upside, 1.3268 could be the next target Oil trades weak on the day...

FxWirePro: EUR/JPY hovers close to major support at 133.30, break below could target 132.95

Oct 26, 2015 09:44 am UTC| Technicals

Slightly better-than-expected monthly German IFO business confidence survey had little effect on the single currency. EUR/JPY cross remains on the negative footing on Monday, trading in a narrow 133.82/36...

GBP/USD faces strong trend line resistance around 1.5355, break above targets 1.5450

Oct 26, 2015 09:18 am UTC| Technicals

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