Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 16/07/2015
During the session yesterday, the Fed chairman Yellen made a statement of possible interest rate hike in Financial Service Commission, which disputably will strengthen the bullish momentum of USD. Data shows that the US PPT of June has added 0.4%, better than the expected 0.2%. American PPI(excluding energy and food) has added 0.3% compared to last month, which is the fastest growth rate since October last year. EUR continues to act weakly against USD, while during today interest rate decision made by European Central Bank will lead EUR to a new direction. During the session today, Retail Sales(YoY) of May will see light in Switzerland with CPI(YoY) released in Eurozone. We will anticipate the interest rate decision from European Central Bank and Initial Jobless Claim from America.With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading. EUR/USDSince the EUR/USD pair has bounced around with upward trend, we like buying call options on dips. Resistance is found at 1.1000/1.1050 and support at 1.0900/1.0850.
USD/JPYThe USD/JPY has rallied with purchase opportunity of put option. Resistance is found at 124.00/124.50 and support at 123.50/123.00.
GBP/USDAs GBP/USD pair continues to show signs of bullish momentum, we would like to buy call option on dips. Resistance is found at 1.5700/1.5750 and support at 1.5580/1.5500.
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