EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – May 23, 2018
EUR/USD
The pair bounced higher during the Tuesday’s session but pulled back to test support underneath again. The market is trying to form a short-term base around the region and if it breaks below the 1.1725 level again, it will open the door towards the 1.15 level. The 1.1850 level above is significantly resistive and will act as a short-term ceiling. …Read More
GBP/USD
The British Pound initially rallied higher reaching towards the 1.35 level during the yesterday’s session but turned around as the previous uptrend line offered resistance. The pair is likely to witness a lot of volatility around this region as the market now is favouring the dollar and in event of a breakdown, the market will witness a move towards the 1.33 level. …Read More
Your capital is at risk
AUD/USD
The pair started off with a positive momentum during the Tuesday’s session but struggled around the 0.7550 level which offered a bit of resistance. The 0.76 level above is a major psychologically important level and may attract sellers into this market. The 0.75 level underneath looks easy for the market because of the bullish dollar sentiment. …Read More
USD/JPY
The USD gapped higher during the yesterday’s session reaching as high as 111.35 level but pulled back significanlty reaching below the 111 level and also covered the gap underneath. The market will witness a lot of buying sentiments around the region and break above 111 level again will help the market continues to reach towards the high. …Read More