Technical Analysis on EUR/USD,GBP/USD,USD/JPY, August 18th,2015

This week’s focus is on Fed’s interest rate hike decision, the market is also waiting for the CPI data released by the US and the meeting report see light on Thursday to move.

Important event：09:30  RBA minutes,  influence degree：high
14:30  Britain CPI(YoY)，influence degree：moderate

EUR/USD
According to the 1-hour chart of EUR/USD pair, the pattern of MACD continues to show a sign of decreasing bullish sentiment but the general bearish trend is infallible. We are buyers of put option until it bounces above 1.1117. Key support is found at 1.1057 and 1.1033.
Support: 1.1057  / 1.1032 / 1.1014 
Resistance: 1.1187 /  1.1117 / 1.1106

GBP/USD 
The movement of GBP/USD pair is quite similar to EUR/USD which has consolidated with downward trend. We mainly favor of buying put option; we won’t buy call option until it rises steadily to 1.5620.
Support:1.5576 /  1.5553 / 1.5528  
Resistance:1.5614 / 1.5668

USD/JPY
According to the 1-hour chart, the USD/JPY pair continues to consolidate with indication of ascendance, so we would like to buy call options especially when it bounces above 124.51 or 124.57. We are buyers of put options when it bounces below 124.27-124.22.
Support: 124.27 / 123.90  / 123.72
Resistance: 124.51 / 125.07

[Tips]
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