Yahoo Finance Forex Daily Outlook – September 17, 2018
EUR/USD
The pair rolled over during the Friday’s session, perhaps due to the risk-off move and noise around the market relating to the global macro developments. The pair is getting support around the 1.16 level and is likely to move higher further. And, if it crosses above the 1.1625 level, a short-term resistance level, then it will attract plenty of buyers. The 1.15 level underneath continues to be a strong support region for the pair. …Read More
GBP/USD
In the last few sessions, British Pound has gained enough strength against the USD to scale higher. In the Friday’s session, it broke above the 1.31 level to move higher, but due to strong resistance at the 1.3125 level, it rolled back. The volatility in the market is mostly due to the Brexit issues and will continue to be as it is until the deal is signed. The 1.30 level underneath is the floor of this market. …Read More
AUD/USD
The AUD initially tried to rally towards the 0.72 level but faced significant resistance to pullback lower. The 0.7150 level underneath is offering strong support to the market, a level which has been important in the past. The US-China trade relations continue to put pressure on the market, and hence will be difficult to move higher. A break down below the 0.7150 level will be negative and will send the market further lower. …Read More
USD/JPY
The USD was extremely bullish against the JPY in the Friday’s session, as it smashed into the 112 level, and was able to retain the level at the end of the session. Because of this, the market is likely to continue to move higher, perhaps towards the 113 level. Moving forward, the volatility will be the mainstay of the market, and pullbacks will continue to offer a nice buying opportunity in the market. …Read More
This article was originally posted on FX Empire
