Yahoo Finance EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – October 20, 2017
EUR/USD
Initially, the market went in sideways direction during the Thursday’s session but later fell downward. The market at the 1.18 level offers a good support base extending towards the 1.19 level. The pair rallied upwards and continues to find good buying opportunities. The market is expected to rally towards the psychologically important 1.20 level as its next target. Looking ahead, the market is positive and continues to build up its momentum. …Read More
GBP/USD
Initially, the pair went in a sideways direction on Thursday’s session but fell lower towards the 1.3150 level. We might expect good buying opportunity in the market and assisting the market to go upwards. The market might grind overall at the 1.3250 level helping the traders for short term. Breakout above this level will help the market to go higher. Breaking below at the 1.3150 level will make the market to go downward towards the 1.30 level. …Read More
AUD/USD
With the upside tendency in the market, the AUD dollar was very fluctuating and its volatility continued towards the 0.79 level during Thursday’s session. Breakout at this level might assist the market to go above the 0.80 level which is considered a key resistance level going back decades. Now, the market will rally extending towards the 0.81 level and breakout above this level will turn the market to be “buy and hold” situation for the longer-term traders. …Read More
USD/JPY
Initially, the US dollar went in a sideways direction against the Japanese yen on Thursday’s session but significantly fell lower at the 113 level. The pair above the 112.50 level is likely to bring the buyers in and assist the market to go higher. A pullback is necessary to build up the momentum. …Read More
This article was originally posted on FX Empire
