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USD/JPY well supported

Feb 25, 2015 08:41 am UTC| Technicals

Japanese investor and importer USD/JPY bids layered 118.70-20 Daily Kinsen line and 21-DMA at 118.56 shape initial support Daily Ichimoku cloud 117.96-118.06 Very thin clouds attract Few notable expiries...

GBP/USD bounces to 1.5480 support after 8week high

Feb 25, 2015 08:39 am UTC| Technicals

1.5513 = 8week cablehigh after stops above 1.5480 1.55 tripped early Europe 1.5480 = Feb 18 high. 1.5479 = Asia high 1.5475 = Monday Tuesday high 1.60 among bull targets beyond 1.5588/1.5621 (Jan...

EUR/NOK sees sideways chop with upside risk

Feb 25, 2015 08:22 am UTC| Technicals

EUR/NOK stronger and above 8.6520 sees risk to 8.69, 21/100 DMAs resp. NOK/SEK was a good buy at levels just below 1.10 Tuesday Q1 consumer-confidence falls to 7.4 vs a revised 13.6 (15.4) in...

AUD/USD encounters mixed outlook

Feb 25, 2015 08:19 am UTC| Technicals

Market moves away from the 10-dma Requires a daily close above the 30-dma at 0.7881 to lift bias higher 10 30-dmas are aligned negatively Overall bias is still on the downside Positive daily...

EUR/USD expects more short-covering

Feb 25, 2015 08:15 am UTC| Technicals

Leveraged accounts for EUR/USD push to 1.1389 high Extended loosening of shorts and lower option volumes extensively eyed Todays high close to center of supposed key pivots 1.1270-1.1534 Significant...

GBP/USD breaks heavy resistance

Feb 25, 2015 08:13 am UTC| Technicals

Solid resistance capping bulls at 1.5481 broke 1.5481 - 23.6% retrace of the 1.7192 to 1.4952 Jul to Jan fall Ichimoku Cloud top at 1.5490 has also been taken out Daily close above 1.5481/1.5490 will...

USD/JPY continues to trade above cloud bullish

Feb 25, 2015 08:11 am UTC| Technicals

Steep intra-day fall on Tuesday allowed getting long overnight Pair continues trading above Ichimoku cloud indicating upside potential Daily close above tenkan line at the 118.98 level required Tenkan ...

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