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Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 7/09/2015

Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 7/09/2015

The Non-Farm Payroll data released on Friday is much weaker than expected with a 170,000 employment number and a 5.1% unemployment rate, which did not have great impact on the market. As we mentioned before, Fed’s interest rate decision should be supportive by positively good economy data, while Non-Farm number did not meet this requirement. Therefore it is expected that it is impossible to raise the interest rate in September and it may delay to next year in March. EUR/USDThe EUR/USD pair has entered the horizontal price movement. Seen from the 1-hour chart of the morning session, its MACD is shrinking with price bouncing around in the vicinity of average line. But combine with the 4-hour chart, we found that there is considerable pressure around 1.1167-1.1200, so we like buying put options during the session today. We should be cautious of buying call options when it breaks through 1.1200.Support:1.1130~1.1120Resistance:1.1167~1.1200

GBP/USDSeen from the 1-day chart of the GBP/USD pair, last Friday closed at 1.5170 that may provide short-term support for correction. But seen from other aspects its bearish trend still continues, showing no signs of ending. We are mainly buyers of put options and end it at 1.5100. Support:1.5090/ 1.4898 Resistance:1.5212 / 1.5240

USD/JPYSeen from the 1-hour chart, the USD/JPY pair, its price is bouncing around the average line with correction, so we are buyers of call options. We have no interest of buying put options until it drops below 118.80.Support:118.90/ 118.32 Resistance: 119.84~120.00

[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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