Friday's Technical Analysis on EUR/USD,GBP/USD,USD/JPY

As Eurozone,Japan and China have adopted quantitative easing policy in succession, the global is entering a policy-easing period. Under this condition, a large number of capital is flu into flowed into risky asset. Even though we are not absolutely sure about Fed’s interest rate hike in December, the focus of the market should fall down on the Non-Farm data released at the beginning of December.

EUR/USD
Seen from the 4-hour chart, the MACD of EUR/USD pair is shrinking towards the 0 axis. With bullish sentiment still existing, price were held down at resistance level, causing a range bound during the daytime session. Put options can be purchased during the morning session but we should keep a watchful eye on the possible pullback.
Support：1.0693/1.0673
Resistance：1.0747/1.0789


GBP/USD
Seen from the 4-hour chart, the GBP/USD is falling down depressing by resistance, while the MACD suggests that the bullish sentiment still exists. We prefer buying put options during the morning session and suspend it at support level. Call options can be purchased at the break of 1.5307.
Support：1.5250/1.5221
Resistance：1.5330/1.5350


USD/JPY
Seen from the 1-hour and 4-hour chart, the short-term bearish sentiment still exists. Meanwhile it shows that the day chart still maintains a good bullish momentum. With that being the case, there is much volatility during the daytime session. We suggest stopping trading or buying put options with caution during the morning session. Call options can be purchase at a break of 123.20.
Support：122.50/122.44
Resistance：123.20/123.62


[Tips]
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