USD/JPY has made a high of 120.38 yesterday and retreated till 118.43 today in Asian session.It is currently trading at 119.14. Overall trend is bullish as long as support 118 holds. The pair has made a dead cat bounce yesterday after PBOC cuts interest rates by 50 bpbs and with additional cuts for individual sectors.But It is still struggling to hold above...
EUR/USD target achieved @ 1.1400. Book full profits
Low risk traders book profit in EUR/USD short @ 1.1460
GBP/USD is facing strong resistance around 1.5800 and any break above confirms short term bullishness, a jump till 1.5927 cannot be ruled out . On the downside major support is around 1.5745 and break below targets 1.5680/1.5630 in short term. The pair’s minor resistance is around 1.5850 (161.8% retracement of 1.5688 and 1.5425) and break above targets...
EUR/USD has made a high of 1.17129 yesterday and declined from that level. Short term trend is still weak as long as resistance 1.1620 holds. Any break above 1.1620 will take the pair to next level at 1.1720/1.1800 level. On the lower side major support is around 1.1498 and any break below will drag the pair further down till 1.1400/1.1330 in short term. It is...
USD/CAD is facing strong resistance around 1.32969 and struggling to close above that level. Any break above 1.3300 will take the pair to next target till 1.3370 (161.8% retracement of 1.3212 and 1.2950) On the lower side minor support is around 1.3240 and break below targets 1.3170/1.3130. Major trend reversal only below 1.3050 .Any break below confirms...
GBP/JPY has made a high of 189.20 today morning and has started to retreat from that level. Overall trend is weak as long as 189.20 holds. On the downside minor support is around 187.60 and any break below will drag the pair further down till 187/186.25. The pair’s minor resistance is around 188.20 and break above would extend gains till 189/20/190. It is good...
USD/JPY has recovered after making a low of 116.07. It has taken support near 115.85 (Jan 16th 2015) and any further weakness only below 115.85. The pair is currently trading at 119.89 with a high of 120.07 and low of 118.28 On the down side short term support is at 118 and break below target 117/115.85.The pair's minor support is at 119.20. The short term...
EURUSD target 1 achieved at 1.1640. Book full profits
USDJPY target achieved @ 118.60. Book full profits
EUR/USD breaks short term resistance 1.1500 , a jump till 1.1545/1.1640/1.1712 . Intraday weakness only below 1.1400. Overall bullish invalidation only below 1.1325.
USD/CHF has made a low of 0.9360 and slightly recovered from that level till 0.9455.Overall trend is still weak as long as resistance 0.9450 holds. On the downside minor support is around 0.9400 and any break below targets 0.9360/0.9320 in short term. Short term bearish invalidation only above 0.9525 level. It is good to sell on rallies around 0.9410-15 with SL...
USD/JPY has broken major support 120.60 (200 day MA) and is trading well below that level. Overall trend is weak a decline till 119.40/118.60 cannot be ruled out. On the higher side minor resistance is around 120.95 and nay break above would extend gains till 121.30/121.65 is possible. Short term bearish invalidation only below 121.65 level. it is good to sell...
USD/JPY target achieved @ 120.50. Book full profit
Book partial profits in GBP/JPY @ 188.90.
As per our analysis EUR/USD has reached previous high 1.14656 after breaking of major resistance 1.12180. It has broken major resistance 1.1470 in Asian session , a jump till 1.1640/1.1780 is possible. Bullish invalidation only below 1.1380 level and any break below 1.1380 will drag the pair further down till 1.13450/1.1330 in short term. Minor supports is...
GBP/JPY has broken major trend line support 190.25 (trend line joining 174.86 and 184.97) and this confirms major trend reversal , a decline till 185 is possible. On the higher side major resistance is around 191.50 and any break above confirms trend reversal. The minor resistance is around 190.55 and above that minor resistance targets 191/191.55. The pair's...
As per our analysis USD/CHF target achieved at 0.9460. Book full profit