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Technical Analysis on EUR/USD,GBP/USD,USD/JPY,October 26th,2015

Technical Analysis on EUR/USD,GBP/USD,USD/JPY,October 26th,2015

Following the quantitative Easing policy from European Central Bank, China declared to cut its benchmark interest rate. Under this situation, global investors’ focus is drawn to the interest rate decisions from Federal Reserve and Bank of Japan. It is high time that the Bank of Japan should adopt a quantitative policy while we are uncertain about the Fed’s interest rate decision. EUR/USDSeen from the 1-hour chart of the EUR/USD, The price of the EUR/USD is a little away from the average line that should requires a correction. Therefore, call options can be purchased during the daytime session. However, we are still mainly buyers of put options since it continues to fall.Support:1.0941/1.0850/1.0757Resistance:1.1072/1.1100/1.1150

GBP/USDWe are buyers of call options during the morning session as the GBP/USD is in a pullback correction. Seen from the 4-hour chart, the MACD is approaching the 0 axis that indicates a bearish momentum. Therefore, put options can still be purchased at the resistance level. Support:1.5300/1.5250/1.5100Resistance:1.5360/1.5375/1.5400

USD/JPYAs it is required a fall back correction during the morning session, we are cautious of buying put options. Pullback can occur as the there is still bullish sentiment while call options is not suggested. Support:121.13/120.84/120.57Resistance:121.34/121.75/121.88

[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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