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Wednesday’s Technical Analysis on EUR/USD,GBP/USD,USD/JPY

ByFX77
Published 04/26/2016, 11:48 PM
Updated 03/09/2019, 08:30 AM
EUR/USD
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USD/JPY
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The U.S. Federal Reserve will release the Interest Rate Decision today. No economists would expect any interest rate hikes in April, especially considering the disappointing date released before. However, even though the result is as the market expected that no more interest rate hike will happen in April and there will not certain timetable for it either, the negative influence on US Dollar will be limited because the bad global situation will get controlled and improved as time goes on, not to mention that the American economy is not that terrible at all. As a result, more interest rate hikes are inevitable in the future.
EUR/USD


According to the 60-minute Chart, EUR/USD will remain the bullish trend in the morning session, so call options can be purchased before the 1.1340 resistance where put options buyers can get involved．(HK Time)
Support: 1.1268/1.1218 Resistance: 1.1340/1.1355
GBP/USD


GBP/USD created a recently new high yesterday. According to the market in the morning session, it is possible to decline. Therefore, put options can be purchased before the 1.4510 support. (HK Time)
Support: 1.4510/1.4468 Resistance: 1.4644/1.4700
USD/JPY


According to the 60-minute Chart, USD/JPY is likely to decrease. Therefore, put options can be purchased. If the price breaks above the 111.50 resistance, call options can be purchased.(HK Time)
Support: 110.80/110.30 Resistance: 111.45/112.36
[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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