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GBP/NZD faces strong resistance around 2.4025, break above targets 2.5300

Aug 17, 2015 06:56 am UTC| Technicals

Pattern formed - Descending triangle GBP/NZD faces strong resistance around 2.4025 and any break above confirms further bullishness , a jump till 2.45 (161.8% retracement of 2.4027 and 2.3147)/2.53 (161.8% projection...

FxWirePro: Broad USD strength supports USD/JPY higher, weakness only below 124.06

Aug 17, 2015 06:08 am UTC| Technicals

USD broadly supported on Monday after upbeat US macro economics data on Friday further reinforced Sept rate hike expectations. Yen bulls take a back seat following disappointing GDP figures, GDP growth fell 0.4% in the...

FxWirePro: GBP/AUD faces strong support around 2.100, good to buy at dips

Aug 17, 2015 06:07 am UTC| Technicals

GBP/AUD has made a high of 2.1526 and low of 2.090 in previous week. Overall trend is still bullish as long as support 2.100 holds. It has formed almost like double top around 2.1527 and any further bullishness only...

FxWirePro: GBP/JPY faces strong resistance around 195, good to buy at dips

Aug 17, 2015 05:53 am UTC| Technicals

GBP/JPY has made a low of 192.26 in past week and recovered from that level. Major weekly trend reversal level- 192 break below 192 will drag the pair further down till 191/190.50. The short term trend reversal level-...

FxWirePro: EUR/USD extends bearish tone, positive U.S. data on Friday keeps USD supported

Aug 17, 2015 04:40 am UTC| Technicals

EUR/USD remains capped below 1.1100, extends declines for the fourth straight session on Monday, bearish tone intact. USD bulls remain supported by positive US data released on Friday which further reinforced Sept rate...

USD/CHF takes support near trend line, jump till 0.9900 is possible

Aug 17, 2015 03:40 am UTC| Technicals

USD/CHF has made a low of 0.9676 past week and recovered from that level. It is currently trading at 0.9775 level. Major support is at 0.9676 (trend line joining 0.9328 and 0.9547) and any break below confirms further...

USD/JPY consolidates in narrow range, weakness only below 123.50

Aug 17, 2015 03:12 am UTC| Technicals

USD/JPY has consolidated between between 125.27-123.77 past week.It is currently trading at 124.38. Overall trend is bullish as long as support 123.50 holds. Bullish invalidation only below 123.50. Any break below 123.50...

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