Technical Analysis on EUR/USD,GBP/USD,USD/JPY,September 17th,2015

During the session today, there will be several important announcements coming out of the US and Switzerland. Switzerland will release its central bank’s interest rate decision, but we also recognize that the federal interest rate hike decision coming out at 2:00 (CST) on Friday is going to overshadow everything. It has been a biggest topic since last week, if not the entire quarter. With this, reaction may somewhat be muted but it’s possibly the calm before the storm. Analysts are firmly of the opinion that Fed’s decision will spur the market with considerable power for a period, whether they will increase the interest rate or not. EUR/USDSeen from the 1-hour chart of the EUR/USD pair, its MACD has break through the 0 axis with price running above the average line. With this, it indicates that it will drift above that offers buying opportunity of put options. Two resistive levels 1.1314 and 1.1330 should be noticed during the morning session, if they are broken through especially for 1.1330, pullback is going to continue aiming for 1.1367~1.1400.Support:1.1272/1.1244/1.1200Resistance:1.1367/1.1400/1.1512

GBP/USDThe GBP/USD pair encountered a strong rebound yesterday but had not found enough support to rise. With this being the case, we may be cautious of buying call options during the session today. There is considerable pressure existing at 1.5517 during the morning session, we may buy put options at this level. Support:1.5471/1.5413/1.5300Resistance:1.5517/1.5568/1.5605

USD/JPYReflected from 4-hour chart, the USD/JPY pair is not predictable for the price movement. Combining with 1-day chart, the bullish trend has not changed yet. We are mainly buyers of put options and aiming for 120.68. Support:120.14/120.00/119.77Resistance: 120.60/120.86/121.36

[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.

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