Forex Morning Briefing
$DXY, $EUR, $JPY, $GBP, $CNY, $AUD
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.