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Technical Analysis on EUR/USD, USD/JPY, GBP/USD,September 15th,2015

ByFX77
Published 09/15/2015, 05:13 AM
Updated 03/09/2019, 08:30 AM

Reflected from the continuous slip of the USD in the past few days, the market did not show great expectation for Fed’s interest rate hike. Seen from the day line of the USD index, it may appear a top pattern. In that case, it will be sure that the interest rate hike won’t happen within this year.

EUR/USD
After the EUR/USD pair hit the pressure level at 1.1373 yesterday, it has dropped back with correction. During the morning session, we found there was considerable support at the base that makes it difficult to fall. We favor of buying call options in the morning session and end it at 1.1290. It may bounce back when it breaks through 1,1331.
Support：1.1290/1.1265/1.1231
Resistance：1.1331/1.1369/1.1400


GBP/USD
Seen from the 1-hour chart of the GBP/USD pair, it’s hard to predict its direction since it supports a big slump on MACD while continues to rally in the high level. Under the slight correction, we can buy put options or just stay to watch, it would bounces back when it breaks through 1.1433.
Support：1.5398/1.5382/1.5350
Resistance：1.5465/1.5478/1.5490


USD/JPY
The USD/JPY pair continues to bounce back with pullback momentum since the price is moving above the average line which is shown in the 1-hour chart. But seen from the 1-hour chart, there is strong resistance so that we are mainly buyers of put options. We need to notice that Japan’s interest rate decision may cause a big move even a surge on the JPY.
Support：120.25/119.90/119.64
Resistance：120.78/120.87/121.40


[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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