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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – September 13, 2017
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EUR/USD The market was largely in a sideways direction during most part of the day on Tuesday. The pair is on a downwards channel for the past three
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EUR/USD
The market was largely in a sideways direction during most part of the day on Tuesday. The pair is on a downwards channel for the past three sessions, and need to break the downtrend channel to move higher. The area around the 1.20 level is an important zone and move above there will be bullish. Overall, the market is fairly positive and long term target for the market is 1.25 with some short term pullbacks. …Read More
GBP/USD
The GBP turned bullish during the Tuesday’s session and shot higher above the 1.3250 level. If the market sustains this key level, then it will continue to move forward towards the 1.34 handle. It is expected to witness volatility in the counter as it moves higher. If the pair breaks below this key level of 1.3250, it will probably move lower towards the 1.32 and below. …Read More
AUD/USD
The AUD fell initially towards the 0.80 level on Tuesday’s session but found enough support to bounce back and will probably go higher. The market is in sync with the gold prices and will react accordingly to the movement in gold prices. If the AUD breaks below the 0.80 level, then 0.7950 level will be the next support for the market. …Read More
USD/JPY
The pair continued its bullish trend on Tuesday’s session testing the key 110 level. Given this large upside movement in the last two trading sessions, the market seems bit overbought and may try to correct a bit. Any pullback in the market will provide a good buying opportunity. The break above the 110.25 will help the market to continue higher towards the 111 level. …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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