Thursday, January 14, 2016

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Jan 14,2015

Even though the market has gone sour for economy development, American inflation rate continues to rise, revealed by Stephen Stanley, chief economist from Amherst Pierpont Securities. As domestic economy plays an essential role in American economy while international trade only occupies 15% of economy aggregate, he believes the slowdown on global economy will not affect American economy as severely as we expected.  

EUR/USD
Seen from the 1-hour chart, the MACD is running above the 0 axis with price trading above all the average line. Bullish momentum takes control and we are mainly buyers of call options. 
Support:1.0860/1.0809            Resistance:1.0903/1.0935



GBP/USD
The GBP/USD is trading at a strong bullish trend with no end in sight. Put options can be purchased, but we need to be cautious about the interest rate decision released late at 12:00(GMT).
Resistance:1.4270/1.4000   Support:1.4438/1.4476

USD/JPY
Seen from the 1-hour chart, the USD/JPY getting to its bottom again with its MACD getting back below the 0 axis. We prefer buying put options during the daytime  session. There could support pullback in the vicinity of 117.30. 
Support:116.80/116.40           Resistance:117.84/118.34

[Tips]
All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us at 
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