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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – March 8, 2018

Colin First
Updated
EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 27, 2018

EUR/USD

The pair experienced a significant noise above the 1.24 level on the Wednesday’s session and rolled over a bit reaching the 50 EMA on the hourly chart. The pair is successfully holding the region and has a major support at the 1.2350 level. Given enough time, the pair will break the 1.25 level which is massively resistive and will send the pair further higher. …Read More

GBP/USD

The pair initially pulled back during the Wednesday’s session reaching towards the 50 EMA which offered enough support to bounce back higher. If the market succeeds to break above the 1.39 and 1.40 level above, the market will more likely to reach towards the 1.43 level and above. The pair has strong support at the 1.37 level and then at the 1.3650 level which is the floor of this market. …Read More

AUD/USD

The pair went back and forth during the Wednesday’s session pulling back towards the 0.78 level. The market is trying to form some base and is consolidating around the region as the buyers are trying to pick this market from here. The Gold and USD will have direct influence in this market and will determine the future trends of this market. The 0.80 level will be massively resistive and a break could send this market much higher. …Read More

USD/JPY

The USD rallied significantly during the Wednesday’s session reaching towards the 106.25 level. A break above 106.50 level which is significantly resistive would help the market to climb higher levels towards the 107.50 level. If the market fails to move higher from the current level, then it will pull back to its next support level around the 105.50 level. …Read More

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This article was originally posted on FX Empire

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