Wednesday's Technical Analysis: EUR/USD, USD/JPY, EUR/USD
FX77 | Jul 01, 2015 06:15AM ET
With America’s Holiday on Friday, Non-Farm Payrolls data will see light on Thursday which will surely become the top concern of market. As Greek debt default has settled down, market has shown a preference for the US data.
During the session today, SVME PMI(June) will see light in Switzerland, and Manufacturing PMI(June) will also see light in France,Germany, Britain and Eurozone. ADP Non-farm Employment Change(June) and Markit Manufacturing PMI will see light 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 is acting weakly with bearish momentum, we are buyers of put option. Support is found at 1.1050/1.1000 and resistance at 1.1200/1.1250.
USD/JPY
Since the USD/JPY continued to show signs of bullish sentiment, we like buying call options on dips. Resistance is found at 123.00/123.60 and support at 122.10/121.50.
GBP/USD
The GBP/USD pair continues to trade with broad horizontal fluctuation, and we are buyers of put option. Resistance is found at 1.5760/1.5800 and support at 1.5650/1.5600.
[Tips]
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