Yahoo Finance EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – August 22, 2017
EUR/USD
The market started the week on a positive note. Initially, it fell towards the 1.17 level but found enough support at 1.1730 level underneath to move towards 1.18 level. The break above the level should send the market toward next level to 1.1850. The breakout from the recent area of consolidation in the market is a clear positive breakout and in long-term, the market is going towards the 1.25 handle. Going forward the market will be difficult to trade and short pullbacks will provide excellent buying opportunities. …Read More
GBP/USD
The pair was in a range bound movement similar to Friday’s session on Monday. The pair initially fell towards the 1.2850, where it has strong support zone and bounced to reach towards the 1.29 handle. If the market breaks above, it is going to probably make towards 1.2950 and 1.30 level eventually. And, break below the key support level will be negative for the market and will try to look towards the 1.2750 level. …Read More
AUD/USD
The pair initially fell during the Monday’s trade but found enough support at the 0.79 level to move higher. The market is looking positive to go higher and only concern is the resistance around the 0.80 level. Looking ahead, the market is well supported at the 0.79 level and will provide a significant amount of interest to the buyers to enter the market from these levels. …Read More
USD/JPY
The pair started on a very weak note, falling through the day and reaching down towards the 108.50 level. The market has no clear signal of reversing the trend and is probably looking towards the 105 level underneath. The market is under the grip of sellers and any bounce from here should show signs of extreme support. Break above the 110 level will see buyers returning into the market. …Read More
This article was originally posted on FX Empire
