Yahoo Finance EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 23, 2018
EUR/USD
The pair dropped significantly during the Friday’s session reaching down towards the 1.22 level as due to rising interest scenarios in the United States and lack of any clear pictures on rate hike by ECB after ending the QE. The market has now broken below 1.23 level, there will be some downward pressure with major support at 1.21 level. …Read More
GBP/USD
The British Pound drifted slightly lower during the Friday’s session as it continued to test the 1.40 level for support. This area has been a major resistive in the past and will also attract a lot of traders and if it breaks below then it will be very negative for the pair and next major support will be at 1.3650 level. …Read More
AUD/USD
The pair broke significantly during the Friday’s session slicing through the 0.77 level. By breaking below, the market has turned very negative and will continue to look a bit disconcerting unless this market shows some type of bullish move. The next one or two sessions will be important to chart the future trends in the market. …Read More
USD/JPY
The pair initially pulled back during the Friday’s session reaching down towards the 107.50 level but then showed bullish pressure to try reaching towards the 108 level. This market will continue to find buyers underneath as the rates in the United States continue to rise. A break above 108 level will open the doors towards the 110 level in the medium term. …Read More
This article was originally posted on FX Empire
