Thursday’s Technical Analysis on EUR/USD,GBP/USD,USD/JPY
FX77 | Apr 27, 2016 11:29PM ET
Bank of Japan(BOJ) will release the Interest Rate Decision later today. According to the report by the Ministry of Internal Affairs previously, the Japan Core CPI for March (YoY) declined by 0.3%, which has been the biggest decrease since 2013. As a result, BOJ may continue to further ease the policies.
EUR/USD
As EUR/USD still remains in the bearish trend according to the 240-minute Chart, we are put options buyers overall. But if the price breaks above 1.1350, call options can be purchased.(HK Time)
Support: 1.1290/1.1272 Resistance: 1.1340/1.1368
GBP/USD
According to the 60-minute Chart, GBP/USD tends to continue the fall. As a result, put options can be purchased before the 1.4480~1.4450 support. (HK Time)
Support: 1.4480/1.4450 Resistance: 1.4600/1.4643
USD/JPY
According to the 240-minute Chart, when the price arrives near the precious high point of 111.888, stop purchasing call options for a while. The price is likely to reach 112.30 so we are mainly call options buyers. However, as MA(blue) tends to be downward, which means the bullish momentum is resisted, call options should be purchased with caution when the price breaks above 112.00. (HK Time)
Support: 111.50/111.00 Resistance: 111.88/112.33
[Tips]
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