
FxWirePro: Yen gains on the back of higher than expected manufacturing PMI data
Oct 24, 2016 01:28 am UTC| Technicals
USD/JPY is currently trading around 103.90 marks. It made intraday high at 103.99 and low at 103.80 levels. Intraday bias remains bearish till the time pair holds key resistance at 104.20 levels. A daily...
FxWirePro: USD/CAD maintains bullish bias with focus on 1.3400 levels
Oct 21, 2016 15:48 pm UTC| Technicals
USD/CAD rose on Friday as down beat Canadian economic data and lower oil prices weighed on the risk-sensitive Canadian dollar. Canadas annual inflation rose in September to 1.3 percent from a rate of 1.1 percent in...
FxWirePro: EUR/USD extends decline on U.S. rate hike bets, scope for further downside
Oct 21, 2016 14:33 pm UTC| Technicals
The EUR/USD pair has declined towards lower levels on Friday as recent upbeat U.S. economic data hawkish comments from Fed officials has reinforced expectations that the Federal Reserve will increase the interest rate by...
FxWirePro: GBPUSD outlook weaker on renewed downside pressure
Oct 21, 2016 13:34 pm UTC| Technicals
GBP/USD declined on Friday as Sterling was weighted down on expectations that Britains economy is likely to suffer from a hardline stance by the European Union in negotiations on the countrys exit from the...

Oct 21, 2016 13:19 pm UTC| Technicals
Major support - 126.60 (trend line joining 125.98 and 126.26). Minor resistance- 127.65 (55- 4H EMA). GBP/JPY has once again retreated after jumping till 127.68. It is currently trading around 126.95. On the...

Oct 21, 2016 11:23 am UTC| Technicals
On daily charts, further upswings seem to be most likely upon break-out above resistance of 0.9953. More upswings likely to extend up to neckline at 0.9823 on sustenance above this resistance as 7DMA crosses over 21DMA...

FxWirepro: GBP/JPY trades in narrow range, good to sell on rallies
Oct 21, 2016 11:15 am UTC| Technicals
Major support - 126.60 (trend line joining 125.98 and 126.26). Minor resistance- 127.65 (55- 4H EMA). GBP/JPY has once again retreated after jumping till 127.68. It is currently trading around 126.95. On the...