GBP/USD - Half-cent rise helped by real money buying

Mar 24, 2015 10:40 am UTC| Technicals

Real money buying led to pairs half-cent climb from 1.4896 Intra-day low at 1.4896 post zero UKFeb CPIinflation number Early Europe range seen 1.4918-1.4967. USFeb inflation data due...

USD/CHF sees major support at 0.9553

Mar 24, 2015 10:27 am UTC| Technicals

Pair hit 0.9578 lows so far. Support located at 0.9553 0.9553 is 76.4% of 0.9375 - 1.0128 The fall in spot has broken below 0.9630, the FOMC spike low This made a double bottom with the low from March 5 Fall also...

GBP/USD dampened by zero UK CPI inflation

Mar 24, 2015 10:12 am UTC| Technicals

Pair plunges to 1.4896 intra-day low after zero UKCPI inflation number Cable was inflated by EUR/USD gains from 1.4918 to 1.4967 high pre-UKCPI 1.4918 was early Europe low. 1.4920-1.4975...

EUR/USD lacks bullish reaction after strong data

Mar 24, 2015 09:48 am UTC| Technicals

No buying interest seen for euros above 1.1000 despite strong Eurozone PMIs Movement indicates that will to run long is low Devoid of stops to chase, the correction may lose its ground Volumes to be...

USD/JPY sees scope on the downside

Mar 24, 2015 09:38 am UTC| Technicals

Possibility stays on the downside, 119.50 Japanese bids are filled Hourly close below the 119.48 pivot point, risk seen at 119.00 with clustered sell stops Daily close below 119.68 - 38.2% retrace of...

EUR/GBP nearing 0.7372 61.8% retrace

Mar 24, 2015 09:19 am UTC| Technicals

Pair nearing the 61.8% retrace of the 0.7592/0.7015 fall at 0.7372 A break of the level expected or bids raised to the high from Mar 18 at 0.7289 A full retracement to the Feb high at 0.7592 is expected if...

EUR/GBP eyes 0.7353 pre-UK CPI data, 1.36 GBP/EUR

Mar 24, 2015 09:09 am UTC| Technicals

Cross climbs totest 0.7353after German PMI beats 0.7353 = 1.36 in GBP/EUR. Resistance seen ahead 0.7371 0.74 0.7371= 61.8% fibo of 0.7592 (Feb 3 high) to 0.7015 (Mar 11 low) Support seen at 0.7332 ...