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Technical Analysis on EUR/USD, GBP/USD, USD/JPY, October 7th, 2015

Published 10/07/2015, 05:44 AM
Updated 03/09/2019, 08:30 AM

The US San Francisco federal reserve president John William indicates that he support interest rate hike by the end of 2015 even without enough support from the market. If the new employment population increase 100,000 per month, the US is expected to increase 2.4 million new employment number. Williams anticipated that economy growth rate of this second half year and next year can be 2%. We can confirm the interest rate hike is inevitable, but under the global economy situation, it’s still uncertain when it would happen.
EUR/USD
The EUR/USD pair regains its bullish momentum that offers us opportunity of buying call options during the morning session . Call options should be suspended between 1.1280 and 1.1284. Call options can be purchased again if it breaks though its pressure level and it should be ended at 1.1322. We have no interest of buying put options until it drops below 1.1200.
Support:1.1227/1.1212/1.1167
Pressure:1.1284/1.1322/1.1346


GBP/USD
As the MACD of the GBP/USD pair continues to develop through the 0 axis, we are expecting for more uptick. We should be cautious of buying call options during the morning session and suspend it at 1.5255. Call options should be ended at 1.5300 and seek chance to buy put options. We like buying put options when it drops to 1.5160.
Support:1.5170/1.5125/1.5112
Resistance:1.5255/1.5300/1.5400


USD/JPY
Since we are uncertain about the bullish momentum of the USD/JPY, we can buy put options during the morning session. While put options can be purchased at key pressure level of 120.58. We are mainly buyers of put options if it bounces below 120.00.
Support:120.00/119.48/119.15
Resistance:120.40/120.58/120.73


[Tips]
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