The Fed minutes released at 21:00(GMT) reveal officers’ concern on low inflation. Fed interest rate hike may be delayed if the US economy misses the expectation. WSJ Fedwatcher Hilsenrath indicated that a global weakening demand as well as China’s slowdown economy has posted certain threat on the interest rate hike to come in 2016.
EUR/USD
Seen from the 1-hour chart, the MACD of EUR/USD is shrinking with an increasing pullback momentum. Call options can be purchased with cautions during the morning session. Put options should be purchased in the afternoon session.
Support：1.0725/1.0650 Resistance：1.0800/1.0827
GBP/USD
Even though the GBP/USD continues to show a strong bearish momentum, but we don’t favor put options as it is approaching the previous low point between 1.4600 and 1.4565. Take opportunity to buy call options.
Support：1.4600/1.4565 Resistance：1.4654/1.4680
USD/JPY
As the bearish sentiment of USD/JPY continues to rally, we are mainly buyers of put options. Put options should be suspended at 117.00.
Support：118.00/117.00 Resistance：118.73/118.86
[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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Thursday's Technical Analysis on EUR/USD,GBP/USD,USD/JPY
Published 01/07/2016, 03:29 AM
Updated 03/09/2019, 08:30 AM
Thursday's Technical Analysis on EUR/USD,GBP/USD,USD/JPY
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