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Monday’s Technical Analysis on EUR/USD,GBP/USD,USD/JPY

Monday’s Technical Analysis on EUR/USD,GBP/USD,USD/JPY

The Bank of Japan (BOJ) will make a monetary policies assessment this week. Sources said last week that the negative data and the sever earthquake would influence the policies makers’option that the mild economy recovery would raise the inflation rate and it is likely that BOJ will further ease the policies. In a Bloomberg survey on April 15-21, 23 out of the 41 economists expected BOJ to further ease the policies, 19 expected to increase the ETF purchasing, 8 expected to increase the debt purchasing and 8 expected to cut the negative interest rate. The surge of USD/JPY last Friday shows it is more than likely that BOJ will further ease the policies.EUR/USD

EUR/USD broke below the previous low of 1.1240 last Friday and the bearish trend has not yet finished so we are mainly put options buyers. The 60-minute Chart shows that it may rally in the morning so call options can be purchased first.(HK Time)Support: 1.1185/1.1150 Resistance: 1.1260/1.1300GBP/USD

The 60-minute Chart shows that GBP/USD began to fall after it created a new high last Friday. As the pullback will continue in the morning session, we are mainly put options buyers. (HK Time)Support: 1.4400/1.4380 Resistance: 1.4467/1.4500USD/JPY

USD/JPY dropped back after the surge last Friday. We will be mainly put options buyers before the 110.50 support. (HK Time)Support: 110.70/110.50 Resistance: 112.34/112.65[Tips]All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us.

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