Technical Analysis on EUR/USD, USD/JPY, GBP/USD, 29/07/2015
FX77 | Jul 29, 2015 11:26PM ET
As Greece has taken action according to previous agreement with other Eurozone countries, long position did not appear in EUR with loose currency policy existed. Fed’s interest rate decision will see light on today’s evening, which can surely move the market further.
During the session today, Mortgage Approval of Central Bank of England will see light in Britain, with Pending Home Sales(June) released in the US. 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
As the EUR/USD pair continues to show bearish sentiment, we like buying put option in short trading session. Resistance is found at 1.1100/1.1130 and support at 1.1000/1.0950.
USD/JPY
The USD/JPY has bounced around with consolidation, which provides opportunity of buying call option on dips. Resistance is found at 123.60/124.10 and support at 123.00/122.50.
GBP/USD
Since the GBP/USD pair has shown limited momentum when going up, we are buyers of put option. Resistance is found at 1.5650/1.5700 and support at 1.5550/1.5500.
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