Technical Analysis on EUR/USD,GBP/USD and USD/JPY, August 17th, 2015

The big board is acting negatively according to the trend of most currency pairs. European and American options have consolidated with bearish trend, so we are mainly buyers of put option during the session today. The sterling has acted strongly with bullish sentiment but we are alert to a big slump that may come. 

During the session today, New York Empire State Manufacturing Index(Aug) will come out of the US that has a medium degree of influence.

EUR/USD
The EUR/USD pair has declined since a pullback on Friday and it is still in bearish consolidation. We are mainly buyers of put options. we like buying put options when it runs below 1.1140, while we won’t buy call options until it breaks through 1.1147. Support is found at 1.1076 / 1.1057/1.1026 and resistance is found at from 1.1176 to 1.1180.

GBP/USD
According to the movement of 1-hour chart and 3-hour chart, the GBP/USD pair is acting strongly, which provides us opportunity to buy call option with  the caution of big slump. The 1.5700 resistive level is quite subtle, once being broken through, it remains uncertain for further ascendance. Support is found at 1.5618 / 1.5580 and resistance is found at 1.5700 / 1.5784~1.5793  /1.5846.

USD/JPY
The USD/JPY continues to bounce around and is not clear for direction. MACD Index is acting strongly with pullback in the morning session. Put option can be purchased in the resistive level found from124.51 to 124.55. Resistance is found at 124.14 / 123.91 / 123.87 and support at 124.51  / 125.10 

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