Technical Analysis on EUR/USD,GBP/USD,USD/JPY,September 21st,2015

The topic on Federal Reserve’s interest rate hike is still heated, though they kept the interest rate at the current rate. Meanwhile, the federal reserve has buried a smoke shell with saying that they can’t exclude a interest rate hike in October. With that being in the case, there can be a lot of volatility in the market. At the same time, Alexis Tsipras with his left-wing Syriza party won in Sunday’s election that may have certain affect on Euro.

EUR/USD
The bullish sentiment of the EUR/USD pair is declining and continues to rally. Seen from the 1-hour chart, the price is pressed by all average lines. While strong support is founded in the 1-day chart. We can buy put options between 1.1350 and 1.1221. Call options can be purchased above 1.1350 with cautions and it can be ended at 1.1450.
Support：1.1270/1.1235/1.1221
Resistance：1.1340/1.1366/1.1450




GBP/USD
Seen from the 1-hour chart, the GBP/USD pair continues to drop down with correction that provides opportunity of buying put options in the morning session. Call options can be suspended at 1.5480 aiming for 1.5408. We have no interest buying call option until it bounces up to 1.5570.
Support：1.5480/1.5448/1.5408
Resistance：1.5564/1.5650/1.5750


USD/JPY
Seen from the 1-hour chart, the USD/JPY is moving downward with a pullback trend. Since the bearish tend of the USD/JPY pair hasn’t changed, we continues to buy put options and suspend it at 120.30. Put options can be purchased again when it drop to 121.15.
Support：119.32/118.98/117.53
Resistance：120.20/120.48/121.15


[Tips]
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