The CPI data related to Fed’s decision of interest rate hike as well as the FOMC minutes did not provide clear direction for the market as expected. CPI data is only 0.1% lower than the expected 0.2%, meanwhile FOMC minutes is ambiguous to interest rate hike decision. The possibility of interest rate decision is decreasing as indicators show, but we are not sure of any surprise to come in the future.
Important event：20:30 Jobless Claim Number influence degree: moderate
EUR/USD
Since the EUR/USD pair continues to regain its bullish momentum, we are mainly buyers of call option. Key pressure is found between 1.1170 and 1.1173, once bounced up, it would continues to rise. Asian traders should pay attention to pip 1.1150 and 1.1167, for when price breaks through those two handle levels, it will get more bullish momentum. Key support is found at 1.1103 which is a strong rising signal.
support：1.1103 / 1.1077 / 1.1040
resistance：1.1173/ 1.1180 / 1.1195
GBP/USD
As the GBP/USD pair continues to be bullish, we like buying call options when it breaks through the resistive level 1.5700. Target price rate 1.5458 can be challenged.
Support: 1.5668 / 1.5642 / 1.5587
Resistance: 1.5700 / 1.5790 / 1.5840
USD/JPY
Since the USD/JPY pair is still in the bullish trend, we like buying call options before it reaches 124.14. It is high time that the USD/JPY pair will encounter a big slump until it reaches the area between 123.00 and 122.85.
support：123.54 / 123.43 / 122.85
resistance：124.140 / 124.30 / 124.43
[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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Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 20/08/2015
Published 08/20/2015, 06:24 AM
Updated 03/09/2019, 08:30 AM
Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 20/08/2015
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