EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 21, 2017

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Published: Jul 21, 2017, 07:55 UTC

EUR/USD The pair shot up during the Thursday's trade after reports from the US suggesting the investigators expanding the search into Donald Trump’s

AUD/USD Forex Technical Analysis – December 12, 2016 Forecast

EUR/USD

The pair shot up during the Thursday’s trade after reports from the US suggesting the investigators expanding the search into Donald Trump’s global companies for collusion with Russia. The pair went up to 1.16 level during the day and closed around that level only. The pair had a good support on 1.15 level and any breakdown below the level will be a negative sign. Buying pullbacks will be the strategy to go forward and 1.1850 remains the next target for the pair. …Read More

GBP/USD

The pair went through the back and forth movement during the day breaking the 1.30 level which was strong support zone. Now, the market will wait for the pair to cross 1.3050 level for buying to come in. Weak fundamental around the British pound, making it difficult to trade and it’s a wait and watch for the market until it gets some direction. …Read More

AUD/USD

The pair had a choppy session in Thursday’s trade and closed at 0.7975 level. The candle on charts formed in Thursday’s trade is a bullish one and suggesting it might break the important 0.80 level very soon. We have to take cues from the gold prices, as it has a direct effect on the pair. Next target price will be 0.82 with 0.79 level as a good support zone. …Read More

USD/JPY

The pair initially went upside during the day to 112 level but found enough resistance around 112.32 level to drop down significantly. There is a bearish trend in the market and will continue to be here. The breakdown below the 111.50 level will take it further down to 111 level. The weak dollar is simply adding to pressure in the pair which is quite sensitive to the global macro developments. …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.