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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 25, 2018

By:
Colin First
Published: Apr 25, 2018, 08:52 UTC

EUR/USD The pair was noisy all throughout the session on Tuesday, trying to get above the 1.22 level. The pair has got a significant amount of support

EUR/USD daily chart, April 03, 2018

EUR/USD

The pair was noisy all throughout the session on Tuesday, trying to get above the 1.22 level. The pair has got a significant amount of support underneath extending up to 1.21 level which is likely to attract a lot of buyers and is also the bottom of the consolidation area. If the pair breaks below further, then it will be negative and will be a massive damage to the overall uptrend. …Read More

GBP/USD

The British Pound rallied a bit during the Tuesday’s session trying to reach towards the 1.40 level. A break above 1.4025 level will probably send this market much higher and will break the negative momentum. The 1.40 level is now acting as a strong support line and if it breaks then it will be a bit difficult for the market to regain positive momentum. …Read More

AUD/USD

The pair drifted a bit lower during the yesterday’s session as it is looking for some type of directions. The break below the general uptrend line has been very negative for the market and going past will need a massive bullish momentum. A break above 0.7650 level will also send signals of strength and will attract buyers. However, a break below 0.7575 level will send the market further lower. …Read More

USD/JPY

The pair rallied significantly during the yesterday’s session breaking above the 109 level indicating major strength in the market. As the dollar has started to gain some strength on the back of rising yield, this market will continue to find enough bullish strength and a break above 110 level will be very bullish. On the lower side, there are multiple support lines extending up to the 107.50 level. …Read More

 

About the Author

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

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