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GBP/JPY Trade Idea

Sep 11, 2015 11:52 am UTC| Technicals

GBP/JPY made a high of 187.33 yesterday and has started to retreat from that level. It is currently trading at 186.74. On the downside major support is around 185.60 (23.6% retracement of 180.35 and 187.33) and nay break...

EUR/GBP faces strong support around 0.7240, break below targets 0.7160

Sep 11, 2015 11:51 am UTC| Technicals

RES 4: 0.7395 ( Sep 1st high) RES 3: 0.7350 (61.8% retracement of 0.7420 and 0.7250) RES2 : 0.7322 (Cloud top) RES1 0.7280 (7 DAY 4H EMA) PRICE: 0.7300 @ 11:48 GMT SUP 1: 0.7240 (Aug 30th Low) ...

FxWirePro: USD/RUB edges higher post-CBR, hit session highs at 68.13

Sep 11, 2015 11:41 am UTC| Technicals

CBR today held rates at 11.00% as expected, and said inflation inflation expectations showed clear upward trend It noted that RUB will continue to put pressure on prices in next few months, and added that it will revise...

FxWirePro:USD/JPY struggles to close below 120, good to buy at dips

Sep 11, 2015 11:22 am UTC| Technicals

RES 4: 122 RES 4: 121.75 (28th Aug high) RES 3:121 RES 2: 120.75 (61.8% retracement of 121.75 and 119.21) PRICE: 120.60 @11:15 GMT SUP 1 : 120.60 (7 day H EMA) SUP 2 : 120.25 (38.2% retracement of...

FxWirePro: Silver takes support near trend line, good to sell on rallies

Sep 11, 2015 11:03 am UTC| Technicals

Silver has taken support near trend line support around $14.50 and recovered till $14.85 yesterday. It is currently trading at $14.62. The commodity is facing strong support around $14.55 and any break below will drag the...

Gold trades below major support $1115, decline till $1070 is possible

Sep 11, 2015 10:21 am UTC| Technicals

Gold has broken major support $1115 and declined till $1101. It is currently trading at $1107. Overall trend is still bullish as long as support $1120 holds. On the downside major support is around $1100 and break below...

FxWirePro: EUR/USD forms Bearish BAT pattern, good to sell on rallies

Sep 11, 2015 09:36 am UTC| Technicals

Harmonic pattern formed- Bearish BAT pattern Potential Reversal Zone ( PRZ) -1.1340 EUR/USD has made a high of 1.13094 today morning and slightly retreated from that level. It is currently trading around 1.1280. On...

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