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

ByFX77
Published 04/22/2016, 12:21 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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GBP/USD
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USD/JPY
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Mario Draghi, the President of the European Central Bank (ECB) said in the press conference that they continued to expect the interest rate to remain at present or lower levels for an extended period of time. QE would not stop unless the inflation rate could maintain at the target levels . Mario Draghi also said that no evidences could show the negative rate was harmful to the net interest rate income of banks, which means the ECB will remain the negative interest rate unchanged.
EUR/USD


EUR/USD rapidly rose influenced by yesterday news but it pulled back again in the end. As the 60 mins Chart shows that it still remains in the bearish trend, we are mainly put options buyers.(HK Time)
Support: 1.1268/1.1240 Resistance: 1.1315/1.1340
GBP/USD


The 60 mins Chart shows that it is possible for GBP/USD to make a further rise in the morning session so call options can be purchased first. However, as MACD indicates the bearish momentum takes the lead, please take chances to purchase put options.(HK Time)
Support: 1.4309/1.4275 Resistance: 1.4360/1.4410
USD/JPY


The 60 mins Chart indicates that USD/JPY is still in the bearish trend. Besides, as MACD continues to shrink and it is likely to break below the Zero Axis, we are mainly put options buyers during the daytime session. (HK Time)
Support: 109.12/109.00 Resistance: 109.80/110.00
[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.

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