Forex Morning Briefing
$DXY, $EUR, $JPY, $GBP, $AUD
Commentary: USD now moving in tight range. PE
The US Dollar (.DXY) Index at 90.255 nowmoving in a very narrow range (90.2-90.3) after tapping a high at 90.57 Thursday. A test of resistance just below 91 could happen next week.
EUR (Euro) at 1.2259 is trading below support at 1.2275 and saw a low of 1.2212 Thursday. The support at 1.22 on the 3 day lines, and at 1.215-1.22 on the daily candles, could be the next targets. These should provide Okay support.
USD/JPY at 109 tested support at 108.5 Friday, and is now trading above mark. Could now see it moving to 110.5-111 next week. There is resistance at 110.5-111 on the weekly lines.
Sterling (GBP) at 1.3940 saw a high of 1.4067 Thursday. Expect some consolidation around 1.39 for GBP before the move to support at 1.37 resumes.
Have a terrific weekend.