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Technical Analysis on EUR/USD,GBP/USD,USD/JPY,September 24th,2015

Technical Analysis on EUR/USD,GBP/USD,USD/JPY,September 24th,2015

Yesterday president of European Central Bank Mario Draghi addressed that the enlarging of Quantitative Easing policy is still too early. He believed that it’s hard to determine whether the slowdown of global economy is temporal or permanent. With that being the case, the EUR/USD pair gets short-term support and bounces back. Meanwhile, during the session today, president of the Federal Reserve Yellen will make a speech on inflation and currency policy that should bring interesting trading opportunities in the USD. EUR/USDInfluenced by the President of European Central Bank Mario Draghi’s speech, the EUR/USD pair is in a bullish trend, we are buyers of put options and aims for 1.1025. We should notice that there can be a pullback if it breaks through 1.1190. Support:1.1097/1.1025/1.0944Resistance:1.1214/1.1241/1.1250

GBP/USDAs the GBP/USD continues to fall, we favor of buying put options. Due to the sharp decline within this week, it’s high time that it should trade at sideways during the daytime while drops drop at night. Support:1.5170/1.5091/1.4892Resistance:1.5299/1.5350/1.5450

USD/JPYSeen from the 4-hour chart, the USD/JPY pair continues to trade at sideways, so we can buy call options if it breaks through 120.40 and end it at 120.88. Put options can be purchased if it bounces below 120.00. Support:120.00/119.80/119.00Resistance:120.38/120.90/120.10

[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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