Yahoo Finance EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 21, 2017
EUR/USD
The pair shot up during the Thursday’s trade after reports from the US suggesting the investigators expanding the search into Donald Trump’s global companies for collusion with Russia. The pair went up to 1.16 level during the day and closed around that level only. The pair had a good support on 1.15 level and any breakdown below the level will be a negative sign. Buying pullbacks will be the strategy to go forward and 1.1850 remains the next target for the pair. …Read More
GBP/USD
The pair went through the back and forth movement during the day breaking the 1.30 level which was strong support zone. Now, the market will wait for the pair to cross 1.3050 level for buying to come in. Weak fundamental around the British pound, making it difficult to trade and it’s a wait and watch for the market until it gets some direction. …Read More
AUD/USD
The pair had a choppy session in Thursday’s trade and closed at 0.7975 level. The candle on charts formed in Thursday’s trade is a bullish one and suggesting it might break the important 0.80 level very soon. We have to take cues from the gold prices, as it has a direct effect on the pair. Next target price will be 0.82 with 0.79 level as a good support zone. …Read More
USD/JPY
The pair initially went upside during the day to 112 level but found enough resistance around 112.32 level to drop down significantly. There is a bearish trend in the market and will continue to be here. The breakdown below the 111.50 level will take it further down to 111 level. The weak dollar is simply adding to pressure in the pair which is quite sensitive to the global macro developments. …Read More
This article was originally posted on FX Empire
