Yahoo Finance Forex Daily Outlook – January 22, 2019
EUR/USD
The Euro is continuing to lose momentum against the USD and in Monday’s session, it pulled back after rallying a bit to test the 1.1350 level underneath. There are several support points underneath and break below 1.13 level would invite more trouble. The market will continue to be difficult and until unless the pair breaks above the 1.15 level and the 200 Day EMA, it will continue to chop around. …Read More
GBP/USD
The British Pound moved a very little during the Monday’s session stabilizing around the 1.2850 level, which is also offering support to the market. The 50 Day EMA is also underneath, which is likely to offer strong support to the market. The pair is likely to spin around this region, as the 1.30 level above is a psychologically significant resistance area. …Read More
AUD/USD
The AUD initially tried to rally but pulled back due to the presence of significant resistance above. The 0.71 level underneath is strong support and if it breaks below, then it would reach down towards the 0.70 level which is the hard support for the market. Going forward, the pair will continue to chop around and with a back and forth movement. …Read More
USD/JPY
The USD continued to chop around the 109 level against the JPY, which is offering a bit of support to the market. The market is just below the significant 110 level and is likely to witness a lot of volatility around in order to break higher. The 50 Day EMA above is also coming closer and once it breaks above, then the market is likely to turnaround the move towards the 200 Day EMA. …Read More
This article was originally posted on FX Empire
