During the session today, German Unemployment Rate(May) data will see light at 15:55, with BoE April’s Montage Approval and Construction PMI released at 16:30. Eurozone PPI(YoY) of April and CPI(May) will also see light, and US Factory Order data will see light at 22:00. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trade.
EUR/USD
As long as the EUR/USD Pair is in a bullish trend, we are buyers of call option on dips. Support is found at 1.0890/1.0850, and resistance at 1.0950/1.1000.
USD/JPY
We like buying put options on pips, as the USD/JPY Pair shows a short-term bearish momentum. Resistance found at 125.0/125.3, and support found at 124.3/123.80.
GBP/USD
The GBP/USD pair is in a bearish trend, and we have interest buying call options on dips. Resistance is found at 1.5250/1.5300, and support found at 1.5190/1.5150.
[Tips]
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