EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 28, 2017

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Published: Apr 28, 2017, 09:45 UTC

EUR/USD The pair had a volatile day yesterday as the pair moved up on comments from Draghi about the improving economy in the eurozone but then retraced

EUR/USD

The pair had a volatile day yesterday as the pair moved up on comments from Draghi about the improving economy in the eurozone but then retraced the entire move as he expressed some concerns about the downside risks in the economy. This is pretty much what the ECB would have wanted and they would like to keep the euro weak. …Read More

GBP/USD

The market broke upwards during the course of the day as the pair continues to have some bullish pressure. The pair is likely to move higher in the short and medium term and this should bring the targets of 1.30 and 1.34 into the picture. …Read More

AUD/USD

The pair tried to rally during the course of the day yesterday but the 0.75 region continues to present a very strong resistance to the move upwards. The inflation data that was released a few days back continues to weigh on the Aussie dollar and it remains to be seen what the RBA would do to relieve the pressure. …Read More

USD/JPY

The dollar continues to make good progress against the yen but it has been finding it difficult to break through higher. If the pair does not manage to progress through 112, then this move could just be a correction of the move down but a break of 112 would be very bullish. …Read More

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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.