
GBP/JPY faces strong resistance at 155.30, break above targets 157.20
Jun 10, 2016 06:36 am UTC| Technicals
Major resistance 155.30 (90 H EMA) Major support -154.50 GBP/JPY has recovered sharply till 155.27 from the low of 153.50. It is currently trading around 154.67. Minor trend reversal can happen only above...

FxWirePro: AUD/CAD breaks major trendline support at 0.9463, downside intact
Jun 10, 2016 06:29 am UTC| Technicals
AUD/CAD has broken below major trendline supprot at 0.9463 and has slipped below 21-DMA at 0.9439. Intraday bias for the pair is lower, pair ontrack to test 0.9385 levels. Further weakness could see test of...

Jun 10, 2016 06:21 am UTC| Technicals
We could observe NZDUSD has been going in consolidation pattern as the previous long term bearish trend now moving in sideways to upswings that meanbulls now holding stronger (see monthly charts, trend spike above...

FxWirePro: USD/JPY extends recovery from 5-week lows, struggles at 107 handle
Jun 10, 2016 05:56 am UTC| Technicals
USD/JPY is extending recovery from 5-week lows of 106.25 hit on Thursday, is currently struggling at 107 handle. Asian markets stabilize after initial sell-off, curbing the safe-haven demand for the Japanese...

FxWirePro: USD/ZAR remains well supported below 14.98 mark, good to sell on rallies
Jun 10, 2016 05:42 am UTC| Technicals
USD/ZAR is currently trading around 14.86 levels. It made intraday high at 14.87 and low at 14.79 levels. Intraday bias remains neutral for the moment. A daily close below 14.72 will drag the parity down...

FxWirePro: Silver faces strong resistance at $17.36, good to sell on rallies
Jun 10, 2016 05:17 am UTC| Technicals
Major resistance- $17.36 (May 16th high) Silver prices rose more 6% in past two trading session till $17.30 per ounce. In the Asian session 4:00 GMT the pair is trading at $17.21. The XAG/USD is facing strong...

FxWirePro: NZD/JPY breaks major support at 76.05, good to sell rallies
Jun 10, 2016 05:00 am UTC| Technicals
Kiwi rallied after the RBNZ left its interest rates on hold at 2.25%, but the rally lacked follow-through. The bird failed to sustain at higher levels and now extends its corrective slide as risk-off trades...