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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 9, 2018
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EUR/USD The pair initially fell lower during the Friday's session but things started to get better once the job numbers from the US were out. Now, the
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EUR/USD
The pair initially fell lower during the Friday’s session but things started to get better once the job numbers from the US were out. Now, the market is likely to go higher reaching towards its the top of the recent consolidation area around the 1.24 level. If the pair manages to go past the 1.25 level then the market should move much higher. …Read More
GBP/USD
The British Pound managed to rally a bit during the Friday’s session using the 1.40 level as support and also witnessed buyers getting around the 50 DEMA. Given the anti-dollar stance in the market, the pair is likely to go higher towards the 1.41 level and 1.45 level eventually. Short-term pullbacks will offer a good buying opportunity in the market. If it breaks below the 1.40 level then 1.38 level will be the next support. …Read More
AUD/USD
The AUD chopped around the 0.77 level during the Friday’s session as the job numbers from the US came out. The 0.77 level is going to offer a significant resistance and if it moves breaks out then it should reach towards the 0.7750 level. The pair around this area should continue to be very noisy and will be very difficult to trade. …Read More
USD/JPY
The USD initially tried to rally against the JPY during the Friday’s session but got a bit of resistance at the 107.50 level and also the job growth in the US eased a little, further contributing to the factor of weakness. The market is likely to consolidate around this area and the 107.50 level is going to be very difficult to break. above. The 105 level underneath will act as a major support line for the pair. …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.
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