Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs


Commentary: A bit of slowdown in the Dollar’s up-move seen. PE

Consolidation in USD/JPY at 112.75 seen below 113.00-50 over the last 2 days. Let us see if it Tops out below 113 now or breaks out.

The ER/JPY at 132.56 look Bullish overall with support at 132.00.

Consolidation happening in EUR (Euro) at 1.1758 between short-term Bearishness towards 1.16 and longer term Bullishness while above 1.16.

Note: 1.16 is Key support, dividing the Bullish/Bearish zones. This corresponds with resistance near 94.50 on The US Dollar (.DXY)Index.

A dip in Sterling (GBP) at 1.3237 within current Bearishness that targets 1.3200-3150 or less.

AUD (Aussie) at 0.7830 has dipped a bit but has support at 0.7800-7780.

Stay tuned…

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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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