Thursday’s Technical Analysis on EUR/USD,GBP/USD,USD/JPY
The Fed released its minutes saying that an interest rate hike depended on economy data. The data in the past two months is obviously positive enough to convince investors of the fact that interest rate hike will take place in December.Even though the minutes did not convey any accurate denotation, we still believe it’s ripe for an interest rate in December. The US Dollar index didn’t keep the surge but fell down after the minutes was released. That should be perceived as a technical correction. EUR/USDSeen from the 1-hour chart, the EUR/USD is confronting fairly strong rebound with its MACD bouncing up the 0 axis. Call options can be purchased as the pullback may go further. Support：1.0623/1.0534Resistance：1.0709/1.0751
GBP/USDAs the bullish position has taken down the main trend in GBP/USD, we are buyers of call options during the session today. Call options should be suspended at 1.5280 while call options can be purchased again at a break of it. Support：1.5220/1.5179Resistance：1.5280/1.5300
USD/JPYThe USD/JPY was traded at sideways while fell down with resistance. But with considerable bullish sentiment, it is likely to bounce around during the session today. We are cautious of buying put options during the morning session. Call options can be purchased at the break of 123.60. Support：123.21/123.03Resistance：123.60/125.00
[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.