Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 28/07/2015

Published 07/28/2015, 06:14 AM
Updated 03/09/2019, 08:30 AM
IMF yesterday claimed that European Central Bank should put more effort to prevent possible damage on Eurozone economy caused by Greek issue,especially prolong QE duration and increase assent inventory when necessary. European Central Bank continues to suppress EUR’s pullback that form a support for USD.

During the session today, Preliminary GDP(YoY)(Q2) will see light in Britain, with IPPI(June) index released in Canada. S&P/CS HPI Composite-20 s.a.YoY will also see light in the US,as well as CB Consumer Confidence data and Richmond Manufacturing index released in America at 22:00. 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
Since the EUR/USD pair has encountered considerable pressure when going up, we are buyers of put option. Resistance is found at 1.1130/1.1150 and support at 1.1000/1.0950.
FX77 Option

USD/JPY
The USD/JPY pair continues to rally that provides opportunity of buying put option. Resistance is found at 123.80/124.10 and support at 123.00/122.50.FX77 Option

GBP/USD
As the GBP/USD pair continues to bounce around with bullish sentiment, we are buyers of call option on dips. Resistance is found at 1.5620/1.5670 and support at 1.5500/1.5450.
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

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.