EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 26, 2017

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Published: Jun 26, 2017, 08:49 UTC

EUR/USD The pair has been consolidating and ranging for some time now as it is caught in the tight range between 1.11 and 1.13 over the last few weeks.

EUR/USD

The pair has been consolidating and ranging for some time now as it is caught in the tight range between 1.11 and 1.13 over the last few weeks. This consolidation is expected to continue today and this week as well as the month end flows and the lack of news is likely to keep a lid on the prices. …Read More

GBP/USD

The pair has been the most volatile of all the pairs over the last few weeks, ever since the elections threw up some surprises. This is likely to continue as we now shift focus to the Brexit negotiations and the range boundaries at 1.28 and 1.25 are likely to come under attack. …Read More

AUD/USD

The pair continues in a tight range and this has been the case for quite some time now. It is to the credit of the bulls that they have not allowed the prices to fall despite the fact that the commodity prices have been under pressure. …Read More

USD/JPY

The pair trades in a strong manner as the stock markets around the world seem to be in a risk on mode and have been trading strongly as well. This has given way to weakness in the yen which has helped the pair to rise over the last few days. …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.