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USD/JPY contained well

Feb 20, 2015 08:49 am UTC| Technicals

119.10-118.86 Asia range, real money sales to 118.60 early London Solid technical support and bids ahead of 118.00. 118.42 Thursday low 118.17 Kijun-sen, 118.10 is 61.8% of 116.64-120.48 post NFP...

EUR/GBP reaches new 7 year lows

Feb 20, 2015 08:48 am UTC| Technicals

Long-term bear trend strengthens after new 7 year lows hit at 0.7340 The 200 HMA, last at 0.7406, stalls recovery attempts on Thursday Short stop lowered to reduce risk on a break of 0.7348. Now at...

GBP/USD weighed by Fibo rejection on Wednesday

Feb 20, 2015 08:33 am UTC| Technicals

Wednesdays rally held at 1.5480, just 1 pip ahead the 1.5481 fibo 1.5481 = 23.6% of 1.7192/1.4952 decline from Jul 2014/Jan 2015 Prices have been sideways since, support above 1.5400 The 200 HMA is...

EUR/USD sees downside risk, 21 DMA pivotal

Feb 20, 2015 08:29 am UTC| Technicals

Pair eased back below the 200 HMA intraday 1.1450 rejected prices yesterday Further downside risk continues Shorts in play target 1.1270 EUR/USD needs to see a sustained move under the 21 DMA at...

USD/JPY supported while Nikkei hits 15-year high

Feb 20, 2015 06:26 am UTC| Technicals

Nikkei close 18,332.30, 15-year high, +67.51 pts on day, +0.37%. USD/JPY supported by gains from stock but mainly treads water, range 118.85-119.10. USD/JPY could move higher in continued stock market...

AUD/NZD close pivotal for yesterday's hammer

Feb 20, 2015 05:51 am UTC| Technicals

Cross is fraction softer in Asia - no component data - quiet to the weekend Opened +0.15% - bounce off 1.0299 leaves hammer reversal signals Bullish key day reversal on a close above 1.0367 Momentum...

NZD/USD looks to tentative signs of Japanese retail interest

Feb 20, 2015 05:04 am UTC| Technicals

NZD halted c0.20%up on session so far at 0.7532/34 Dull low volume trading due to lunar new year holidays Retail Japan reportedly return to antipodean pair is notable OIS at 50% chance RBA will cut...

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