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Japanese Yen trampled on as risk reaction dominates markets

Sep 09, 2015 02:56 am UTC| Technicals

A sharp rebound in investor sentiment has seen the Japanese Yen decline more than 1.2% against the US dollar since the start of the week. The US dollar gained 0.38% on the yen to trade at 120.26 on Wednesday morning...

FxWirePro: Buy GBP/JPY only above 185.45 with SL around 184.40 for the TP of 187.10/189

Sep 09, 2015 02:52 am UTC| Technicals

GBP/JPY is facing strong resistance around 185.45 and break above confirms short term bullishness and a jump till 187.10/189 cannot be ruled out . It is currently trading at 185.28. Intraday weakness only below 184...

FxWirePro: Buy USDJPY around 120.20-25 with SL around 119.60 for the TP of 121/121.75

Sep 09, 2015 02:17 am UTC| Technicals

USD/JPY breaks a short term trend line resistance (trend line joining 120.67 and 120.22) and this confirms short term bullishness , a jump till 121 cannot be ruled out. Intra day trend is bullish as long as support 119.60...

FxWirePro: GBP/USD key resistance level at 1.5332, bullish in the short term

Sep 08, 2015 16:18 pm UTC| Technicals

GBP/USD rebounded strongly in mid European session after breaking resistance at 1.5330 levels. The cable is currently trading around 1.5380 levels with overbought condition and a pullback towards 1.5350 levels can be...

FxWirePro: USD/JPY approaching support level at 119.38, buy deal are recommended around 119.50

Sep 08, 2015 14:38 pm UTC| Technicals

USD/JPY is approaching to test resistance level at 119.50. The support level at 119.50 is likely to act as strong barrier for the bears to breaks, and bring a rebound towards 120.20 and later 120.60 levels pair is set to...

FxWirePro: EUR/USD key support at 1.1140, buy deals are recommended around 1.1140

Sep 08, 2015 14:04 pm UTC| Technicals

EUR /USD pair made some gains against US dollar in todays European session after buyers stepped in. However, the gains were limited and the pair fell back towards 1.1150 levels after hitting minor resistance at 1.1227....

FxWirePro: Gold faces strong support near $1115, good to buy at dips

Sep 08, 2015 12:14 pm UTC| Technicals

Gold has declined till $1116 after making a low of $1147. It is currently trading at $1122. Overall trend is still bullish as long as support $1115 holds. On the downside major support is around $1115 and break below...

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