Yahoo Finance EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – January 19, 2018
EUR/USD
The pair rallied higher during the yesterday’s trading session but seems that the pair is n making lower highs, which signals sellers will jump into the market in the short term to take it lower. It is believed that the 1.21 level is going to be the massively supportive, extending down to 1.20 level. The noise around the market will keep this market under pressure but the general long-term trend of the market remains bullish and eventually will be looking towards reaching the 1.25 level. …Read More
GBP/USD
The market rallied a bit during the Thursday’s session as it reached towards the 1.39 level and given enough time, the market may be looking towards reaching the 1.40 level which is the major target. The pair has broken above the crucial range after a very long time and is expected to continue finding support near the 1.3650 level which is the absolute floor of this market. The traders should remain cautious as the traders as the tough negotiation underway between UK and EU and should expect a sudden volatility. …Read More
AUD/USD
The AUD rallied during the yesterday’s session as it tried to cross above the important 0.80 level, that’s an area which has massively resistance, going back decades. The market here will be quite volatile and if it clears above the 0.80 level, then it will be a positive development which will send this market further higher towards the 0.81 level and should become more of a buy and hold situation. And, if this market breaks below the 0.79 level then it would probably collapse towards the 0.7750 level. …Read More
USD/JPY
The pair pulled back during the yesterday’s session reaching towards the 111 level, an area which has offered both been support and resistance in the past. The market from here is likely to reach towards the 112 level next but given the noise, it will be difficult for the market. The pair is highly sensitive to risk appetite in general, and if the performance of this pair directly depends on the performance of the global market. …Read More
This article was originally posted on FX Empire
