Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 28/07/2015
FX77 | Jul 28, 2015 06:14AM ET
IMF yesterday claimed that European Central Bank should put more effort to prevent possible damage on Eurozone economy caused by Greek issue,especially prolong QE duration and increase assent inventory when necessary. European Central Bank continues to suppress EUR’s pullback that form a support for USD.
During the session today, Preliminary GDP(YoY)(Q2) will see light in Britain, with IPPI(June) index released in Canada. S&P/CS HPI Composite-20 s.a.YoY will also see light in the US,as well as CB Consumer Confidence data and Richmond Manufacturing index released in America at 22:00. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.
EUR/USD
Since the EUR/USD pair has encountered considerable pressure when going up, we are buyers of put option. Resistance is found at 1.1130/1.1150 and support at 1.1000/1.0950.
USD/JPY
The USD/JPY pair continues to rally that provides opportunity of buying put option. Resistance is found at 123.80/124.10 and support at 123.00/122.50.
GBP/USD
As the GBP/USD pair continues to bounce around with bullish sentiment, we are buyers of call option on dips. Resistance is found at 1.5620/1.5670 and support at 1.5500/1.5450.
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