Monday's Technical Analysis on EUR/USD, GBP/USD,USD/JPY
FX77 | Nov 23, 2015 04:37AM ET
After two days of spike, the EUR/USD slipped down last Friday as European Central Bank governor Draghi intimated that more stimulating measures will be put forward to release the inflation in Eurozone. Meanwhile,if Fed’s interest rate hike turns into real, it is possible for EUR/USD to dip into a even level in the following several month.
EUR/USD
The EUR/USD continues to bounce down on Friday after experiencing a slight pullback. As it is in a perfect bearish trend,We prefer buying put options and suspend at 1.0617, while put options can be continued at the break down of it. Put options can be ended between 1.0461 and 1.0520 and transferred to call options.
Support：1.0617/1.0532
Resistance：1.0656/1.0680
GBP/USD
Since the GBP/USD continues to fall, we are buyers of put options during the daytime session and suspend it at 1.5141. Put options can be continued at the break down of 1.5141 until 1.5090.
Support：1.5141/1.5095
Resistance：1.5213/1.5228
USD/JPY
Seen from the 1-hour chart of the USD/JPY, the JPY continues to rally. Then we prefer buying call options during the daytime session. Support：122.70/122.50
Resistance：123.05/123.60
[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.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.