Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 02/09/2015

Today’s big event should be the US ADP employment data released at 12:15(GMT). The previous reading is 18.5, while analysts expect it to be 20.1 which is a positive feedback for the USD index. As Fed’s Interest rate hike is infallible, the market is expecting more positive data. We should take effective measures since trading is becoming uncertain.

Important event： 12:15(GMT) The US ADP Nonfarm Employment Change

EUR/USD
Seen from the 1-hour chart, the long-term average line of the EUR/USD pair has shown an obvious decline, thus eliminating the bullish momentum. In this way, we would view it as sideways and buy call options between 1.1290 to 1.1313. If it breaks through 1.1313, we may continue to buy call options. We won’t buy put option until it plunge to 1.1260. Keep an eye on the big board during 12:00-14:00(GMT).
Support：1.1236/ 1.1207 / 1.1165
Resistance：1.1290/ 1.1313 / 1.136


GBP/USD
The GBP/USD continues to be drop down and it has consolidated with downward trend in the past several days. We are buyers of put options with 1.5254 for entry position reference. We will wait and see the market movement.
Support：1.5294/ 1.5254 / 1.5094
Resistance：1.5315 / 1.5336 / 1.5366
USD/JPY
The USD/JPY pair hasn’t stop its bearish trend that we favor of buying put options. Seen from the 1-hour chart, a brandistock appears in the MACD which means morning session may bounce back to 120.375 again. Once it breaks through 120.375, the bearish trend may be converted to a rebound.
Support：119.37 / 118.97 / 118.32
Resistance：120.40/ 121.15 / 121.36


[Tips]
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