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

GBP/USD

Seen from the 4-hour chart, the price is bouncing off the moving average line that requires a correction. We are mainly buyers of put options.

Support：1.4500/1.4436 Resistance：1.4650/1.4722

USD/JPY

As the USD/JPY continues to drop back, we are mainly buyers of put options during the daytime session. However, the candlestick chart may bounce back that we should be cautious.

Support：117.33/116.00 Resistance：119.00/119.21

[Tips]

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