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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 11, 2018

Colin First
EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 11, 2018

EUR/USD

The pair rallied significantly during the Tuesday’s session breaking above the 1.2350 level which has been a bit of resistive in the past as well. Now the market is likely to continue with its bullish trend trying to reach towards the 1.24 and 1.25 level. The 1.2250 level underneath has plenty of support underneath and reaching these level will attract more buyers into this market. …Read More

GBP/USD

The British Pound rallied a bit during the Tuesday’s session reaching the 1.4175 level. The market is likely to continue very noisy and a lot of choppy action can be seen because of the overall risk appetite of the traders. The 1.40 level is the massive floor of the market and breaking below this level will make things look very negative. Overall the market is in a bullish trend and Bank of England raising the interest rate will help the British Pound too. …Read More

AUD/USD

The AUD rallied during the Tuesday’s session as tensions relating to the trade wars between China and US is softening. Because of this, the pair is likely to continue moving higher towards the 0.78 level and will be a buy on dips market. The 0.77 level underneath is a massive support zone and is unlikely to be broken. …Read More

USD/JPY

The USD went back and forth against the JPY during the Tuesday’s session as it was getting enough buyers interest in every dip. The headlines related to the trade wars between China and the United States will keep this market under pressure and also the performance of global stock market will influence the movement of the market. If the pair breaks above the 107.50 level then the market is likely to test the 108 level next. …Read More

This article was originally posted on FX Empire

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