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GBP/JPY Trade Idea

Sep 07, 2015 12:10 pm UTC| Technicals

GBP/JPY has taken support near trend line 180 (trend line joining 167 and 174.86) and slightly recovered from that level. The pairs further weakness can be seen only below 179.90 Any break below 179.90 will drag...

FxWirePro: GBP/USD key resistance level at 1.5301, bearish in the short term

Sep 07, 2015 12:08 pm UTC| Technicals

GBP/USD has rebounded strongly in the European session after hitting strong support at 1.5170 area. The cable is currently trading below 1.5261 (50% fib level), with overbought condition and a recovery could be extended...

FxWirePro: Buy USD/JPY at dips around 119.15-20 with SL around 118.40 for the TP of 120.20/120.75

Sep 07, 2015 12:05 pm UTC| Technicals

USD/JPY has made a low of 118.60 on Friday and slightly recovered till 119.58 in today morning. Overall trend isbullishas long as support 118.40 holds. On the higher side minor resistance is around 119.60 and any break...

FxWirePro: GBP/USD key resistance level at 1.5301, bearish in the short term

Sep 07, 2015 12:05 pm UTC| Technicals

GBP/USD recovered some ground today in mid European session after hitting strong support at 1.5209 levels. The cable is currently trading with oversold condition and a recovery towards higher levels can be expected. The...

EUR/GBP struggles to break above 0.7400 , decline till 0.7240 is possible

Sep 07, 2015 11:50 am UTC| Technicals

RES 4 : 0.7480 RES 3: 0.7420 (Aug 24th high) RES 2: 0.7380 RES 1: 0.7350 (61.8% retracement of 0.7420 and 0.7250) PRICE: 0.7300 @ 11.50 GMT SUP 1: 0.7320 (20 day 4 HMA) SUP 1: 0.7270...

FxWirePro: USD/JPY consolidates in narrow range , good to buy at dips

Sep 07, 2015 11:34 am UTC| Technicals

RES 4: 120.75 (61.8% retracement of 121.75 and 119.21) RES 3: 120.35 (55 DAY 4H EMA) RES 2: 119.75 (20 day HMA) RES 1 : 119.30 (7 day 4 HEMA) PRICE: 119.35 @11:25 GMT SUP 1 :118.40 (25th Aug low) SUP 2:...

Silver breaks trend line support around $14.65, targets $14

Sep 07, 2015 11:02 am UTC| Technicals

Silver is trading narrow channel for past three trading session. It is facing strong support around $14.65 and any break below will drag the commodity further down till $14.45/$14 in short term. Short term trend...

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