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FxWirePro: USD/JPY faces strong resistance around 125, good to buy at dips

Aug 11, 2015 11:41 am UTC| Technicals

RES 4: 127.93 (161.8% retracement of 125.85 and 120.40) RES 3: 126.88 (161.8% retracement of 124.43 and 120.45) RES 2 : 125.85 (jun 5th high) RES 1:125 PRICE: 124.91 @11:27 GMT SUP1 : 124.70 (20 day 4...

FxWirePro: GBP/CNY hits 10-month high post PBOC devaluation, good to buy on dips

Aug 11, 2015 11:27 am UTC| Technicals

The unexpected PBOCs decision to depreciate its currency has pushed GBP/CNY to 10-month high at 9.8763 levels. It currently trades at 9.8398 levels. 7 EMA and 20 DMA crossover suggests further positive move for the...

FxWirePro: EUR/GBP bounces back from lows of 0.7039

Aug 11, 2015 07:53 am UTC| Technicals

EUR/GBP bulls flexed muscles and is trading near to yesterdays close at 0.7067 levels. It faces strong support at 0.7028 levels (20 DMA)and a break below could further weaken the pair to 0.6963 levels. ZEW economic...

FxWirePro: EUR/GBP bounces back from lows of 0.7236

Aug 11, 2015 07:49 am UTC| Technicals

FxWirePro: EUR/USD back below 1.10 handle, extending losses ahead of Europe open

Aug 11, 2015 06:14 am UTC| Technicals

EUR/USD testing lows near 1.0968, extending losses versus the US dollar ahead of Europe open PBOC move spooked market sentiments boosting safe currencies such as US dollar across the board Euro edges lower despite...

FxWirePro: Antipodeans under fire on yuan devaluation, AUD/USD slumps to 0.7322

Aug 11, 2015 05:28 am UTC| Technicals

AUD dumped on Yuan fix, dives to 0.7322, from a three-week peak of $0.7440 The PBOC decided to lower the RMB fix by the most on record today (-1.9%), AUD hammered on the news The depreciation in the Yuan exchange rate...

FxWirePro: USD/JPY spike to 124.90 erased, currently trades at 124.62/65

Aug 11, 2015 04:35 am UTC| Technicals

Risk-off sentiments resurfaced across the board following PBOCs latest Yuan depreciation move USD/JPY surged from 124.52 to 124.90, gains however were capped at 124.90 and the pair struggled to reclaim 125 handle Markets...

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Economy

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