EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – September 19, 2017

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Published: Sep 19, 2017, 07:51 UTC

EUR/USD The market consolidated around the 1.1950 level in Monday's session and showing some strength to move higher. The breakout above the 1.20 level

EUR/USD

The market consolidated around the 1.1950 level in Monday’s session and showing some strength to move higher. The breakout above the 1.20 level will be a very positive signal for the market and take the market higher. Overall, the market will be quite difficult to trade as there are a lot of news going around the pair. The pair has strong support near the 1.1875 level underneath. …Read More

GBP/USD

The market seems a bit overstretched after the big rally in two sessions, crossing above the 1.34 level. The market is now facing resistance to continue higher. On Monday’s session after initial strength in the, it pair started to loose grounds and fell lower. Until the market breaks below the 1.3250 level, the market will find bullish pressure underneath. …Read More

AUD/USD

The AUD broke the crucial 0.80 level in Monday’s session as the gold prices rolled over and risk-off trade has abated. The market is likely to move back and forth around the 0.80 level and may try to move higher as there is no news on the market to be negative. …Read More

USD/JPY

The JPY gapped higher on the start of Monday’s session and continued its upside movement. As the pair has cleared the 111 level and the risk-off trade has abated, the market is looking forward towards the 114.50 level. Pullbacks will provide excellent buying opportunity and will get plenty of support underneath. If the pair breaks below the 109.50 level, then it will be negative for the market. …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.