Yahoo Finance EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – February 20, 2018
EUR/USD
The pair continued to move lower during the Monday’s session, slicing towards the 1.2350 level underneath which is also the 50 percent in Fibonacci scale on the short terms charts. The markets will probably bounce from here as the 1.23 level is massively supportive which could attract a lot of buyers into this market. Going forward, the market is going to be noisy and volatile as there are lot concerns about the bond market and where it is heading. Given enough time, the market will find enough bullish pressure to reach towards the 1.25 level. …Read More
GBP/USD
The British Pound continued to trade choppy during the Monday’s session as it went below the 1.40 level. The market is likely to reach towards the lower level towards the 1.3850 level which is massively supportive. A break above 1.40 level could bring some amount of positive pressure in the market and can send this market towards the 1.4150 level. Overall, the market is in general uptrend and will continue to find buyers underneath to take this market forward. …Read More
AUD/USD
The AUD rolled a bit lower during the Monday’s session as it is testing the 0.79 level. The market has plenty of support underneath extending towards the 0.78 level. The 0.80 level is proving to be a bit difficult for this market to cross over as this has been important for decades. If gold prices manage to rise and cross above the $1400 level, then it should send the AUD towards 0.81 level and clearance of it will become a buy and hold scenario. …Read More
USD/JPY
The USD rallied during the yesterday’s session reaching towards the 107.50 level which is a bit of resistive in the market as it was previously a massive support level. A break above this level could send the market toward the 110 level next but given the anti-dollar sentiment of the market, it will be a bit difficult. Weakness in the US dollar could send this pair further lower towards the 105 level. …Read More
This article was originally posted on FX Empire
