Technical Analysis on EUR/USD,GBP/USD and USD/JPY, August 13th, 2015

   Recently many countries have experienced economy stagnation, for which China, Japan and Canada have adopted easing currency policies. while America is encountering an awkward situation in which they are planning to implement a tight financial policy because of several previous easing polices. Under this situation, analysts expects that the US may postpone but unable to stop its tight financial policy.Meanwhile, USD index has gradually been bearish, providing opportunity of correction for other currencies.
During the session today, Jobless Claim will see light in the US at 20:30.

EUR/USD
The EUR/USD pair continues to act strongly since it caused a spike yesterday. It forms a long upper shadow with a K-pattern in terms of 4-hour chart and may call for correction in short-term period. We favor of buying put option during the session today. We have no interest in buying call option until it breaks through 1.1200. Resistance is found at 1.1200/1.1290 and support at 1.1105/1.1080/1.1035.

GBP/USD
Since the GBP/USD pair has shown signs of recovery, we are buyers of call options. Direction will be more clear when it breaks through 1.5650. Support is found at 1.5587/1.5573/1.5567 and resistance at 1.5647/1.5700/1.5790.

USD/JPY
The USD/JPY is plummeting as USD dropped dramatically yesterday, with no hope of rising in short-term session. We favor of buying put option, while we like buying call option when it bounces above 124.60. Support is found at 124.00/123.858/123.800/123.55 and resistance at 124.510/124.610/125.300

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