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Friday's Technical Analysis on EUR/USD,GBP/USD,USD/JPY

ByFX77
Published 01/28/2016, 05:42 AM
Updated 03/09/2019, 08:30 AM

The U.S. Fed kept interest rates unchanged on Wednesday and said that it is expected to delay the rate hike. Fed policymakers said the economy was still on track for moderate growth, suggesting its concern about global events had diminished but not squashed chances of a rate hike in March.

EUR/USD
Seen from the 1-hour chart, the long-term average line of the EUR/USD did not bounce up, thus offer certain resistance during the morning session. As it continues to rebound, we prefer buying call options with cautions.
Support：1.0860/1.0838 Resistance：1.0908/1.0931




GBP/USD
Seen from 1-hour chart, the GBP/USD tends to rally during the morning session, call options can be purchased with caution. However, as its MACD is running below the 0 axis with medium-term average bending down, we are mainly buyers of put options.
Support：1.4192/1.4142 Resistance：1.4280/1.4310




USD/JPY
As the USD/JPY continues to rally, we prefer buying call options.
Support：118.02/117.50 Resistance：119.00/119.45




[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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