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

The U.S.CPI for March released yesterday was all out of the expectation. CPI (YoY) (Mar) increased by 0.9%, which was two percentage points lower than the expected 1.1%. The core CPI (YoY) (Mar) increased by 2.2% which was one percentage point lower than expected. This result further lowers the possibility for an interest rate hike in April. However, the employment rate released at the same time made a new high record, which indicated a better and batter labor market.
A British exit from the European Union would pose “serious downside risks” to an already slowing global economy, Christine Lagarde ,the head of the International Monetary Fund said Thursday at the outset of the IMF and World Bank spring meetings.
EUR/USD

EUR/USD is in a consolidation after it gets a temporary support at 1.1250 area. Seen from the morning market, momentum for a further rise exists. Call options can be purchased with caution but it is in a pullback overall. Turn to put options before the American market opens. It is possible for a further decline in the later market.(HKT)
Support: 1.1240/1.1220 Resistance: 1.1274/1.1281
GBP/USD


Seen from Chart H1, GBP/USD is in an obvious bearish trend. As the momentum for a rally is not strong, we are mainly put options buyers during the daytime session overall. (HKT)
Support: 1.4087/1.4040 Resistance: 1.4170/1.4180
USD/JPY


Seen from Chart H1, USD/JPY rises again and creates a daily new high after it went through a small correction yesterday. Momentum for a further rise still exists so we’ll continue to be bullish before the 110.00 resistance.(HKT)
Support: 109.08/109.01 Resistance: 109.95/110.15
[Tips]
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