FxWirePro

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GBPJPY surged after upbeat UK retail sales. Currently, the pair is positioned above the short-term 34 EMA, as well as the 55 EMA (194.76 and 194.44) and the long-term 365 Hull MA (194.11) on the 4-hour chart. Near-term resistance is located at around 196, and a breakthrough here could signal bullish intraday sentiment. It could indicate a renewed uptrend from a...

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Potential Reversal Zone (PRZ)- 1.09500 EURUSD trades weak on board-based US dollar buying. is consolidating after a massive sell-off. It hit a low of 1.109509 yesterday g and is currently trading around 1.09625. Intraday bias remains bearish as long as resistance 1.1000 holds. Markets eye FOMC meeting minutes for further direction. Technicals-  The pair is...

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GBPJPY consolidating in a narrow range between 194.37 193.89 for the past two days. It hits a high of 194.37 at the time of writing and is currently trading around 194.08. Overall trend remains bullish as long as support 192.50 holds. Technicals- The pair is trading above short-term 34, above 55 EMA (193.74 and 193.68), and long-term 365 Hull MA (193.89) in the...

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GBPJPY consolidating in a narrow range between 194.37 193.89 for the past two days. It hits a high of 194.37 at the time of writing and is currently trading around 194.08. Overall trend remains bullish as long as support 192.50 holds. Technicals- The pair is trading above short-term 34, above 55 EMA (193.74 and 193.68), and long-term 365 Hull MA (193.89) in...

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EURJPY pared most of its gains made on yen weakness. Intraday trend is weak as long as the resistance 163.50 holds. Indicator (1-hour chart and 15 min chart ) CCI (50)- Bearish (both 15 min and 1-hour chart) ADX- bearish (both 15-minute and 1-hour chart) It is good to sell on rallies around 162.38-40 with SL around 163.50 for a TP of 160

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GBPJPY consolidating in a narrow range between 193.98 and 193.07 yesterday. It hit a high of 193.90 at the time of writing and is currently trading around 193.83. Overall trend remains bullish as long as support 192.50 holds. Technicals- The pair is trading above short-term 34, above 55 EMA (193.74 and 193.68) and long-term 200 EMA (193.80) in the 15-minute...

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Chart Pattern- Big M Potential Reversal Zone (PRZ)- 1.12150 EURUSD declined after upbeat US jobs data. It hit a low of 1.109588 yesterday and is currently trading around 1.109750. Intraday bias remains bearish as long as resistance 1.1060 holds.  The pair is trading below  34- and 55 EMA in the one hour chart.   The near-term resistance is around...

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Harmonic pattern- Bearish BAT pattern GBPJPY pared most of its gain on the weak Pound sterling. It hits a high of 195.18 yesterday and is currently trading around 193.315. Overall trend remains bearish as long as resistance 196 holds. The near-term resistance is around 193.50,a breach above targets 194.25/195/195.97. Major trend continuation only above 196....

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XRP pared some of its gains after the SEC officially filed a notice of appeals against Ripple. The entire crypto market plunged sharply after Iran attacked Israel. XRP ETP According to Bitwise   Today we filed an initial registration statement on Form S-1 for a new Bitwise XRP ETP.  “We believe blockchains will usher in new apolitical monetary assets...

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EURUSD pared most of its gains as the dollar recovers. It hit a low of 1.11120 a the time of writing and is currently trading around 1.11172. Intraday bias remains bearish as long as support 1.1150 holds. Technicals-  The pair trades below  34- and 55 EMA in the 15-minute chart.   The near-term resistance is around 1.1150, a breach above targets...

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EURJPY pared most of its gains on the weak Euro. It hit a low of 159.63 at the time of writing and is currently trading around 159.71. Intraday bias remains bearish as long as resistance 161.20 holds. The recovery from 155.15 was completed at 163.49 and major bullishness was only above 163.89. Indicator (15-min chart)  CCI (50)- Bearish  Average directional...

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Technical (15 min chart)- The yellow metal trades below short-term (34 and 55 EMA ) and long-term (200- EMA). The near–term support is around $2660, a break below targets $2640/$2624/$2610/$2600/$2570/$2560/$2545/$2520/$2470. Major bearish continuation only below $2470.The yellow metal faces minor resistance around $2670 and a breach above will take it to the...

FxWirePro Updated 

GBPJPY tradin in a narrow range between 191.76 and 193.32 in past two days.It hits a low of 192.51 at the time of writing and is currently trading around 193.23. Intraday trend is bullish as long as support 192.40 holds. Technicals (15 min chart) The pair is trading above short-term 34,55 EMA (190.23 and 191.72) and long-term 200 EMA (191.51) in the...

FxWirePro Updated 

The near-term resistance is around 161.20, a breach above targets 162/162.89. Major bullish continuation only above 163.87. The immediate support is at 160.50 any violation below will drag the pair to 159.85/159/158.80/158.40/157.  Indicator (1- Hour chart)   CCI (14)- Bullish   CCI (50)- Bullish   Average directional movement Index - Bullish. All indicators...

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Pattern formed- Cup and Handle pattern EURUSD surged sharply after a long consolidation. It hits a high of of 1.11987 at the time of writing and is currently trading around 1.11888. The pair trades above short-term (34 and 55 EMA) in 4-hour chart. Major resistance to watch- 1.1200. Any violation above 1.1200 targets 1.1280/1.1300. Major support-...

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EURJPY pared most of its gains on board-based Euro weakness. It hit a low of 159.11 and is currently trading around 159.13. The Euro declined sharply after dismal Euro area PMI data. German flash manufacturing and services PMI in Sep came at 40.30 and 50.6, below forecast of 42.40 and 51.10. Technicals-  The pair is trading below  34- and 55 EMA in the 1-hour...

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Intraday bias remains bearish as long as resistance 0.8550 holds. It hit a high of 0.85150 and is currently trading around 0.84561. The pair gained momentum despite a dovish Fed rate cut and jumped over 100 pips. Technicals- The pair is trading below 34 and 55 EMA in the 4-hour chart. The near-term resistance is around 0.84787; any break above targets...

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FxWirePro- EURUSD trades above trend line resistance after surprise 50 bpbs rate cut by Fed, good to buy on dips Trend line resistance- 1.11275 (trend line joining 1.12016 and 1.11554) EURUSD trades above trend line resistance after Fed monetary policy. It hits a high of 1.1788 at the time of writing and is currently trading around 1.11778. Fed cuts rates by...