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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – December 14, 2017

Colin First
Updated
EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – January 4, 2018

EUR/USD

The market yesterday was bit volatile as it tried to build some support area around the region ahead of the crucial Fed rate hike policy decision. Now, the Fed has hiked the interest rate by 25 basis points and is more hawkish on the future rate hike, the market is expected fall lower towards the 1.17 level. A break above the 1.18 level will be an important breakthrough in the market which will eventually push the market towards the 1.20 level and then towards the 1.21 level. A breakdown below 1.17 level will send the market towards the 1.15 level. …Read More

GBP/USD

The market was very noisy ahead of the Fed rate hike policy decision in Wednesday’s session, as it rallied towards the 1.34 level with a support of 1.33 level. The market now is expected to fall lower as Fed has increased rates by 25 basis points and also have given a hawkish outlook on the rate hike. The 1.333 level is going to be massive support for the pair and if it breaks below then the next target will be 1.32 level. In the longer-term, this market will be in an uptrend with a target of 1.35 level. …Read More

AUD/USD

The market turned bullish in the yesterday’s session as it got some idea that the tax reform bill is not going to be get passed but still it’s a speculation which will not hold for long. Now, the Fed has come out with rate hike with hawkish outlook, the pair is likely to fall lower towards the 0.75 level. If it breaks down from there, then the next support will be at 0.7350 level. …Read More

USD/JPY

The market has softened a bit on Wednesday’s session, as it reached the important 113 level underneath. The market is expected to go higher from here as Fed has raised the rates with hawkish prediction. The next target will be around 114.50 level which is massively resistive extending up to the 115 level. If it manages to break above the 115 level, then it will be a “buy and hold” situation with a target of 1.18 level. …Read More

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This article was originally posted on FX Empire

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