Tuesday’s Forex Analysis: EUR/USD, GBP/USD, USD/JPY

Britain would be “permanently poorer” if voters choose to leave the EU, George Osborne has warned, as a Treasury study claimed the economy would shrink by 6% by 2030, costing every household the equivalent of £4,300 a year.
George Osborne has said the British government would lose £36bn in net tax receipts, equivalent to 8p on the basic rate of income tax or 7p on VAT, if the UK leaves the EU and negotiates a bilateral trade agreement with the bloc.
It has brought a light for GBP for short-term but considering that there is still time before the referendum, GBP may fluctuate strongly because of the severe debates among different parties before it.
EUR/USD


Seen from Chart H1, EUR/USD has reached the resistance level again (the blue line) in the morning session. It may fall in the morning so put options can be purchased. According to the MACD, it is still possible for it to rally and break above the resistance. If it breaks above there, turn to the call options.(HKT)
Support: 1.1300/1.1278 Resistance: 1.1323/1.1348
GBP/USD


Seen from Chart H1, GBP/USD remains a good bullish trend so far. It may pull back under the downside pressure from the 1.4310 resistance in the morning session so be careful of trading in the morning. We are mainly call options buyers during the daytime session. (HKT)
Support: 1.4250/1.4220 Resistance: 1.4310/1.4340
USD/JPY


Seen from Chart H1, USD/JPY remains a good bullish trend. As there is still room for a further rise, we are mainly call options buyers before the 109.30 resistance. (HKT)
Support: 108.80/108.60 Resistance: 109.23/109.45
[Tips]
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