25th September 2018 Market Outlook

Pound Aussie – GBP/AUD pullback into its 1.7950 support level and rejected it yesterday which lead price higher after the rejection. Price is likely going to rally higher in the coming days therefore traders may consider buying into this market to jump on the bullish trend and have the first target set near 1.8470 resistance level.

GBPAUDrDaily

 

 

Japanese Yen – USD/JPY continue to rally into its 113.10 resistance level after breakout above its 111.73 resistance level. Given that the overall trend is still bullish, traders may consider buying into this market if price breakout above its 113.10 resistance level to ride on the bullish trend.

USDJPYrDaily

 

Kiwi Dollar – NZD/USD is making its way back into its 0.6800 resistance level. Given that the trend is bearish, traders may consider shorting this market to jump on the bearish trend if price pullback into its 0.6800 resistance level. Traders may goes down to the lower time frame charts to hunt for potential short setups to jump on the bearish trend.

NZDUSDrWeekly