FxWirePro

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Low risk traders book profit in GBP/JPY long at 182.50

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USD/CAD has made a high of 1.34570 and declined from that level. It is currently trading at 1.4160 The pair’s major intraday support is around 1.3403 (trend line joining 1.3172 and 1.3330) and any break below confirms intraday weakness, a decline till 1.3370/1.3330 is possible. On the higher side minor resistance is around 1.3430 and any break above will target...

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Harmonic Pattern: Bullish Gartley pattern Potential reversal Zone (PRZ) -1.11750 EUR/USD has declined till 1.11940 yesterday after making a high of 1.12812. It is currently trading at 1.1218. The pair’s major support is around 1.11750 and any break below will drag the pair further down till 1.1150/1.1100/1.10850. The pair’s minor resistance is around 1.1240...

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EUR/CAD has broken minor trend line support 1.5070 (trend line joining 1.4873 and 1.5000) and slight decline till 1.4940/1.4830 is possible. Intraday bullishness only above 1.5105 and any break above will take the pair till 1.5160. On the downside minor support is around 1.5040 and any break below targets 1.5000/1.4940. Bearish invalidation only above...

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GBP/JPY has broken minor trend line resistance (trend line joining 182.52 and 181.89) and a slight jump till 182.60/183 cannot be ruled out. Intraday minor resistance is around 182.70 and any break above targets 183.20/184. On the downside minor support is around 181.20 and any break below will drag the pair further down till 180.90/180.60 in short term. It is...

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Harmonic Pattern formed- Bullsih BAT pattern Potential Reversal Zone (PRZ)- 0.9680. USD/CHF has retreated after making a high of 0.9810 on Monday and declined till 0.96870 yesterday. It is currently trading at 0.97125. Short trend is still bullish as long as support 0.9660 holds. Any break below 0.9660 will drag the pair further down till 0.9635/0.9595. On...

FxWirePro

USD/JPY has recovered till 120.15 after making a low of 119.27 yesterday. Short term trend is till bullish as long as support 119.20 holds. Any break below 119.20 will drag the pair further down till 118.60/118.25. the pair's minor support is around 119.50. The minor resistance is around 120.10 and any indicative break above will take the pair till 120.75/121.25...

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Harmonic Trading pattern: Bullish Cypher Potential Reversal Zone (PRZ) - $1108 Gold has decline till $1124 after making a high of $1156. It is currently trading @ $1126. On the downside major support is around $1108 and any break below will drag the pair further down till $1100/$1080. The pair’s minor resistance is around $1135 and break above will target...

FxWirePro

GBP/JPY has broken trend line resistance 182.25 and this confirms short term bullishness , a jump till 184.40 cannot be ruled out. Short term weakness can be seen only below 181.40 and break below targets 181/180.50. Intraday minor resistance is around 182.70 and any break above targets 183.20/184. It is good to buy at dips around 182.25-30 with SL around...

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Low risk traders book profit in USD/JPY long @119.78

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Harmonic Pattern formed: Bearish BAT Pattern Potential reversal Zone (PRZ)- 1.12750 EUR/USD has made a high of 1.12812 today and is currently trading at 1.12680 level. Overall trend is still weak as long as resistance 1.13300 holds. Any break above would extend gains till 1.1370/1.14365. The intraday major resistance is around 1.12960 (24th Sep high). On the...

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USD/JPY has broken minor channel support 12005 and declined till 119.37. It is currently trading at 119.44. The pair’s major trend line support is around 119.20 and any break below will target 118.60. On the higher side minor resistance is around 119.80 and any break above would extend gains till 120.15/120.35 It is good to buy at dips around 119.25-30 with SL...

FxWirePro

USD/CHF has broken minor trend line support around 0.9735 and this confirms intraday weakness , a decline till 0.9660 cannot be ruled out . Intraday bullishness can be seen only above 0.9760 and any break above will extend gains till 0.9800/0.9830 On the downside minor support is around 0.9720 and break below will drag the pair to next level till...

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Silver Target 1 almost achieved at $14.48. Book partial profits

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Aussie has made a high of 0.7414 on Friday and unable to break above that level. Short term trend is still weak as long as 0.7000 holds. On the downside major support is around 0.6938 and any break below targets 0.6895/0.6800 level. The pair's minor resistance is around 0.7000 and break above targets 0.7040/0.7065. It is good to sell below 0.6940 with SL around...

FxWirePro

USD/JPY is facing minor channel support around 120.05 and any break below confirms intraday weakness, a decline till 119.20 is possible. Intraday bullishness only above 120.35 level. Any break above 120.35 will take the pair till 120.70/121/121.30. On the downside minor support is around 119.80 and break below targets 119.50/119.20. It is good to sell around...

FxWirePro

GBP/JPY has broken minor support 182.75 which confirms intraday weakness, a decline till 181.70 cannot be ruled out. Intraday bullishness can be seen only above 183.50 and break above 183.20 will take the pair to 184/184.50. Overall bullishness only above 184.50. On the downside major support is around 181.60 and break below targets 181/180.55. It is good to...

FxWirePro

EUR/USD has made a high of 1.12144 on Friday and retreated from that level. Overall trend is still weak as long as resistance 1.1240 holds. Any break above 1.1240 would extend gains till 1.1280/1.1300 in short term. Overall trend reversal only above 1.1300 level. On the lower side any break below 1.1150 will drag the pair further down till 1.1100/1.1080. It...