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GBP/JPY faces strong resistance at 151, break above targets 155

Jun 14, 2016 05:54 am UTC| Technicals

Major Support 149.50 (Yesterday low) Major resistance- 151 (hourly Kijun-Sen) GBP/JPY has recovered after making a low of 149.46. It is currently trading around 150.21. The ICM recent UKS EU referendum...

FxWirePro: NZD/JPY breaks 20-DMA support at 74.47, stay short

Jun 14, 2016 05:34 am UTC| Technicals

Kiwi remains heavily offered in the Asian session, as markets remain on the back foot and ignore risky assets amid lingering Brexit concerns. Oil prices fell further into losses amid widespread risk-aversion, further...

FxWirePro: EUR/JPY hits multi-month lows, on verge of “inverted saucer extension” – short mid-month futures as test of 61.8% Fibos most likely

Jun 14, 2016 05:24 am UTC| Technicals

On daily charts, the pair has broken supports at 121.692 levels that is where the prices have slid below DMAs. As you can probably observe bears in thelong run have been slipping through thesloping channel, and they...

FxWirePro:Gold struggles to break above $1300, good to buy at dips

Jun 14, 2016 05:14 am UTC| Technicals

Major support - $1248 (200 HMA) Major resistance - $1289 (May 16th high) The yellow metal ahs jumped till $1287 yesterday on account of Brexit and Oralando terror attack. It has slightly declined from the...

FxWirePro: AUD/CAD breaks major resistance, good to go long on dips

Jun 14, 2016 05:11 am UTC| Technicals

AUD/CAD was rejected at session lows by 0.9461 and is currently trading around 0.9488 levels. Rally in base metals prices, particularly copper, along with upbeat Australian business conditions data supporting the...

FxWirePro: AUD/USD re-attempts 0.74 handle, rally in base metals’ supports

Jun 14, 2016 04:54 am UTC| Technicals

AUD/USD re-attempts 0.74 handle, but fails to break stiff resistance. Rally in base metals prices, particularly copper, along with upbeat Australian business conditions data boosted the Aussie. The NAB Business...

FxWirePro: Go long on USD/INR around 67.10 with stop loss at 66.91 and target of 67.45

Jun 14, 2016 04:33 am UTC| Technicals

USD/INR is currently trading around 67.16 marks. It made intraday high at 67.18 and low at 67.09 marks. Intraday bias remains bullish till the time pair holds key support at 66.91 marks. A sustained break...

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