Forex Morning Briefing

Forex Morning Briefing


Commentary: Y 2018 has started on a weak note for USD (.DXY). PE

EUR (Euro) 1.2077 held above support at 1.1997 Thursday and may move to 1.2150, while trading above 1.20. A clear break below 1.20 sets up test of support at 1.19, delaying, but not negating move to 1.2150.

USD/JPY at 112.82 did not break below 112 Thursday and may try to test at 113.00-50.

EUR/JPY at 136.22 rose past the resistance at 135.70 noted Thursday. This opens up scope for a rise to 1.38, after long term sideways consolidation within 132-134.

Sterling (GBP) at 1.3562 trades higher and may rise past 1.36.

AUD (Aussie) at 0.7852 looks to be breaking above the 200-Wk MA noted Thursday, and may rise to 0.80.

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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