Yahoo Finance EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – March 19, 2018
EUR/USD
The pair broke down significantly during the Friday’s session reacting to the stronger than expected Industrial Production figures from US reported month over month. This will give a positive impetus to the Fed’s rate hike stance which will keep the dollar on the higher side. The pair has plenty of support underneath around the 1.21 level which is also the scene of major breakout and will attract a lot of buyers. …Read More
GBP/USD
The pair tried to rally above the $1.40 level during the Friday’s session but failed to do so because of the strong resistance at the level and also the downtrend line is offering significant resistance. Because of this market is likely to fall towards the 1.38 level and 1.3650 level which acts a floor of this market. And, also the stronger economic data from the US will push the dollar higher keeping this pair under pressure. …Read More
AUD/USD
The pair sliced through the 0.7750 level during the Friday’s session as the Industrial Production from the US were stronger than anticipated and also tough talks of the trade war from US President is pulling this highly sensitive market. If the pair breaks below the 0.77 level, then bears will grip this market and next target for the market will be 0.75 level. …Read More
USD/JPY
The pair bounced higher during the Friday’s session after testing the support at the 105.50 level, thanks to the stronger than expected Industrial Production figures coming out of the US. If the pair succeeds to break above the 107.50 level, then it will change the course of this market and will go towards the 110 level next. …Read More
This article was originally posted on FX Empire
