FxWirePro: USD/JPY consolidates around 108.30 levels, bias remains bullish
May 09, 2016 13:33 pm UTC| Technicals
USD/JPY pair made gains on Monday after buyers stepped in after Japans finance minister said Tokyo was ready to intervene in the currency market if needed and strong demand for risker assets limited demand for safe heaven...

May 09, 2016 11:50 am UTC| Technicals
Major resistance- 155.50 (trend line joining 156.17 and 155.86) Major support 153.50 The pair has made a low of 153.63 and slightly recovered from that level. It is currently trading around 155.50. GBP/JPY...

FxWirePro:EUR/USD faces strong resistance at 1.1455, good to sell on rallies
May 09, 2016 11:02 am UTC| Technicals
Major intraday resistance- 1.1455 (trend line joining 1.15295 and 1.14770) Major support 1.1340 (200 day 4 HMA) The pair has made a high of 1.14770 on Friday and started to retreat from that level. It is...

FxWirePro: BTC/USD faces resistance at $470, good to buy at dips
May 09, 2016 09:41 am UTC| Technicals
Major resistance -$470 (Apr 26th 2016) BTC/USD has retreated after making a high of $463.97.It is currently trading around $457. Short term trend is bullish as long as support $435 holds The pairs major...

May 09, 2016 09:18 am UTC| Technicals
The current prices have jumped above DMAs on daily charts. Rejects near minor resistance at 1.9726 levels on monthly charts, previously upswings are certainly not a trend reversal. As the pair drags upswings from...

May 09, 2016 08:18 am UTC| Commentary Technicals
Technical Watch: Bears resume after rejecting at major resistance at 162.702 minor resistances at 161.702 and now at 156.853, as a result, the current price slid well below 7DMA and simultaneously the intermediate...

Cable breaks major support 1.4400, targets 1.4280/1.4240
May 09, 2016 08:13 am UTC| Technicals
Major support - 1.4400 (trend line joining 1.44437 and 1.44229) Major resistance -1.4450 (support turned into resistance) Cable has broken major support 1.4400 and declined till 1.43780 at the time of writing....