Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Feb 24,2016

Bank of England governor Mark Carney has indicated that investors fear the pound will suffer fresh losses as the EU referendum approaches. He also suggested that if British economy requires more stimulus, an interest rate cut or extending bond buying policy can be applied. However, we believe that British economic growth is not affected even under the global economic slowdown. 

EUR/USD

Seen from the 4-hour chart, the EUR/USD is traded at a bearish trend, we are mainly buyers of put options. 

Support：1.0990/1.0949            Resistance：1.1046/1.1100

GBP/USD  

Even the GBP/USD is traded at historically low levels, it is surging to form a resistance to rebound.Call options can be purchased with caution.

Support：1.4000/1.3500              Resistance：1.4075/1.4133

USD/JPY

As the USD/JPY continues to traded at bearish momentum, we are mainly buyers of put options during the daytime session. However, seen from the 1-hour chart, it may require a bearish correction. With that being the case, put options should be suspended when it hit the supportive level at 111.00. 

Support：111.00/110.50             Resistance：112.24/112.47

[Tips]

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Binary Options Trading Strategies - How to Trade on Hanging Man Candlestick Chart Pattern?

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Binary Options Trading - Technical Analysis on EUR/USD,GBP/USD,USD/JPY

Technical Analysis on EUR/USD,GBP/USD,USD/JPY, Feb 4,2016 

Even though the ADP employment data released yesterday was better than expectation, but expectation on Fed interest rate hike has collapsed as chief economist from Goldman Sachs believed it may delay to June. 50% of the investors believe an interest rate hike will happen this year, while even 25% of them believe it will occur twice. Meanwhile, Bank of England(BoE) will release its interest rate decision, minutes and inflation report at 12:00(GMT).

EUR/USD

Seen from the 4-hour chart, the price of EUR/USD is dragging off the average line after yesterday’s big slump. As it requires a correction, we are cautious of buying put options during the morning session, but we are mainly buyers of call option during the session today.

Support：1.1050/1.1000 Resistance：1.1230/1.1267