Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 03/08/2015

ByFX77
Published 08/03/2015, 05:58 AM
Updated 03/09/2019, 08:30 AM

This week’s focus is on Non-farm Payroll data, which has pivotal influence on USD and interest rate hike. If expectation of interest rate hike in Sept.cools down, USD may fall with pullback in short-term period. Moreover, this week is packed with forex data that can move the market severely.

During the session today, SVME PMI(July) will see light in Switzerland, with Manufacturing PMI(July) released in France, Germany and Britain. Core PCE Price Index(June)and Personal Income(June)are schemed to released in America, with Markit Manufacturing PMI(July) released in the US at 21:45. American Construction Spending(June) as well as ISM Manufacturing PMI will also see light this evening. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.

EUR/USD
The EUR/USD has bounced around with consolidation, which provides opportunity of buying call options on dips. Resistance is found at 1.1050/1.1100 and support at 1.0950/1.0900.
FX77 Option
USD/JPY
Since the USD/JPY pair continues to show bearish momentum, we are buyers of put option in short-term trading. Resistance is found at 124.50/124.80 and support at 123.50/123.30.
FX77 Option
GBP/USD
As the GBP/USD pair has shown a sign of bullish sentiment, we like buying call option on dips. Resistance is found at 1.5680/1.5730 and support at 1.5600/1.5500.
FX77 Option
[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.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.