Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 11/09/2015

Yesterday, the CNH to USD exchange rate dramatically increased 1.15% yesterday, hitting a 5-year high since 2010. Meanwhile, Britain still remains its interest rate and quantitative easing policy unchanged. With those being in the case, it has become more intricate for Fed’s interest rate decision. Our senior Analyst Eric believes that the interest rate hike decision within this year is very unlikely unless there is positive Non-Farm data during the following months.

EUR/USD
The bullish momentum of the EUR/USD pair is in a perfect pattern that should continue for a period. Meanwhile, we find that there is still certain distance between the price movement and the average line which is shown on the 4-hour chart. It requests a correction within 4 hours so that we may buy put option in the morning session. Call options should be stopped at 1.1370 and put options can be purchased from this position.
Support：1.1220/1.1180
Resistance：1.1328/1.1370


GBP/USD
The GBP/USD pair continues to show strong bullish sentiment that provides more buying opportunities in the morning session. But seen from the 1-hour chart, a top divergence has formed that indicates call options should be ended around the pressure level at 1.5470. If it is broken through, we can start to buy put options when it raises to 1.5500.
Support：1.5386/1.5339
Resistance：1.5470/1.5500


USD/JPY
As the USD/JPY pair still has a strong bullish sentiment, we like buying call options until it raises to 121.42. We will start to buy put options when it raises t0 121.87.
Support：120.18/118.74
Resistance： 121.42/121.87


[Tips]
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