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Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 09/14/2015

ByFX77
Published 09/14/2015, 06:12 AM
Updated 03/09/2019, 08:30 AM

This week’s fundamental analysis should be based on Fed’s meeting of interest rate decision that starts from September 16th to 18th. With global economy and the US situation being considered, there is little chance to raise interest rate in recent days. But we cannot be sure Fed won’t give us a big surprise because mavericks is always their style.
EUR/USD
The EUR/USD pair keeps a perfect bullish momentum but hasn’t formed a strong bullish pattern, that is to say, its bullish sentiment won’t stay long and go higher. We are mainly buyers of call options during the session today. We should be cautious when it rises to pressure level at 1.1370, if it is broken through, it may bounce to 1.1400 but won’t last long. Therefore, call options should be ended here and put options should be purchased.
Support：1.1249/1.1180
Resistance：1.1370/1.1478

GBP/USD
The bullish sentiment of the GBP/USD pair is declining with pressure found at around 1.5468~1.5480. There is high opportunity of fluctuation, so we prefer buying call on dips and buying put on top. When it drops down 1.5406, we are mainly buyers of put options.
Support：1.5409/1.5405/1.5350
Resistance：1.5470/1.5480/1.5490

USD/JPY
The USD/JPY pair continues to consolidate with a slight bearish momentum that would transfer to drop down pattern. We favor of buying put options. If it breaks through 120.88, we would transfer to buy call options and end it at 120.40.
Support：120.45/120.06
Resistance： 120.88/121.40


[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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