On August 12th, according to the meeting report of July released by Bank of Japan, easing policy is supported by committee of BOJ, which can guarantee the upward trend of inflation until its rate is controlled within 2%. During the session today, Unemployment Rate will see light in Britain.
EUR/USD
The EUR/USD pair has been bottoming up in day-line level, which providing opportunity once it rises in medium-term period. Since it has been bearish, we would like to buy call option during today’s session. Resistance is found at 1.1104/1.1119/1.1180 and support at 1.1005/1.0980.
GBP/USD
The GBP/USD pair has been bearish during morning session and we would like to buy put option. We have not intention buying call option until it bounces above 1.5590. Support is found at 1.5520/1.5481. Buying call option on dips is not suggested, only when it falls back to 1.5481. Resistance is found at 1.5633/1.5644/1.5700. Put option can be purchased at 1.5644 and 1.5700.
USD/JPY
The USD/JPY pair has acted strongly which provides opportunity of buying call option. Support is found at 124.95/124.80/124.610 and resistance at 125.60/125.86
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