During the session today, Eurozone’s GDP(QoQ)(Quarter 1) data will see light with Canada and the US releasing its unemployment rate at 20:30. America will also release Non-farm Payroll of May. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.
EUR/USD
We are considering buying put option on pips, since the EUR/USD pair has shown a short-term bearish momentum. Support is found at 1.1180/1.1120, and resistance at 1.1260/1.1320.
USD/JPY
Since the USD/JPY Pair is in consolidation at high level, we like buying put option on dips. Resistance is found at 124.5/125.0, and support at 124.2/123.5.
GBP/USD
The GBP/USD pair is bullish in short-term period, and we are buyers put option on pips. We found resistance at 1.5400/1.5450, and support at 1.5300/1.5250.
[Tips]
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