EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 17, 2018

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Published: Apr 17, 2018, 08:29 UTC

EUR/USD The pair rallied significantly during the Monday's session reaching higher towards the 1.24 level. The area above is a bit of resistance and if it

EUR/USD

The pair rallied significantly during the Monday’s session reaching higher towards the 1.24 level. The area above is a bit of resistance and if it can break above then it should reach the 1.25 level. The 1.2350 level underneath is a strong support level and short-term pullbacks should be a very good buying opportunity. …Read More

GBP/USD

The British Pound rallied significantly during the Monday’s session by breaking above the 1.43 level. This level has been a significant resistance in the past and now it is broken higher, the pair is likely to move towards the 1.45 level next. Also, 1.43 level will act as a support and short term pullbacks be a nice buying opportunity. …Read More

AUD/USD

The AUD has been choppy during the trading session on Monday but looks likely that it will continue to move higher. The 0.78 level is the initial resistance which the market has to get past it and if it clears then the market will move much higher towards the 0.79 and 0.80 level. …Read More

USD/JPY

The USD started off the week against JPY with a weak sentiment as it failed to cross over the 107.50 level. The level is psychologically important and if it able to cross above then it will continue to go much higher towards 110 level. The geopolitical tensions relating to Middle-East will continue to keep the market momentum under pressure and if it goes down below the 106.50 level, then it will be a negative development. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.