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FxWirePro: USD/JPY key support at 119.60, upside prevails in the short term

Oct 21, 2015 13:02 pm UTC| Technicals

USD/JPY has rebounded strongly after hitting minor support level at 119.80 in the early European hours to trade at 120.00 levels, the support level at 119.60 is set to hold the bears from falling further below and push the...

FxWirePro: USD/CAD key support at 1.2947, buy deals are recommended above 1.2980

Oct 21, 2015 12:37 pm UTC| Technicals

The USD/CAD has rebounded back to reclaim 1.3000 levels, after briefly hitting lows yesterday at 1.2931. However, in early European session the pair gained all the lost ground and is inching towards higher levels. The pair...

FxWirePro: EUR/GBP faces short term support around 0.7300 , good to sell on rallies

Oct 21, 2015 12:33 pm UTC| Technicals

RES 4: 0.7480 (May 5th 2015) RES 3: 0.7450 (Oct 2nd 2015) RES 2: 0.7420 (Cloud top) RES 1 :0.7340(200 day 4HMA) PRICE: 0.7313 @ 11:27 GMT SUP 1: 0.7300 (Sep 25th 2015) SUP 2: 0.7240 SUP 3:...

FxWirePro: XAU (Res. at 1200) and XAG (Res. at 16.30) to gain until FOMC meet but sliding to resume in long term

Oct 21, 2015 12:28 pm UTC| Technicals

We could envisage precious metal gains for next 1M-3M despite red flag for far month contracts.We dont think prevailing price bounces to sustain in long run, see gold and silver to find strong resistance at 1200 and 16.30...

FxWirePro: USD/JPY faces strong resistance around 120.35, good to buy at dips

Oct 21, 2015 11:55 am UTC| Technicals

RES 4: 121.75 (28th Aug 2015) RES 4:121.30 ( SEP 10TH HIGH) RES 3: 120.56 (Oct 6th 2015) RES 1: 120.00 (200 day 4HMA) PRICE: 120 @11:54 GMT SUP1: 119.55 (20 day 4HMA) SUP 2 : 119 (Kijun-Sen) SUP 3:...

FxWirePro: EUR/JPY approaches major trendline resistance at 136.58, breaks above can target 137.43 levels

Oct 21, 2015 11:29 am UTC| Technicals

EUR/JPY is extending gains for the second session and currently holds above 136 handle, close above the 136 handle could buoy bulls Japanese yen under pressure as markets speculate BOJ to unveil fresh stimulus next...

FxWirePro: Gold recovers after making a low of $1167, good to sell on rallies

Oct 21, 2015 10:29 am UTC| Technicals

Gold has recovered till $1180 after making a low of $1167 and is currently trading at $1174.80. The commodity is facing strong support around $1167 and break below targets $1160/$1150. Short term bearish...

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