Forex Morning Briefing, Major Pairs
$DXY, $EUR, $JPY, $GBP, $AUD
Commentary: Nothing New. PE
EUR (Euro) at 1.1980 is trading just above support at 1.1900. Look for a rise to 1.2050 over the next few sessions.
USD/JPY at 110.05 rose to 110.29, if it breaks above 1st resistance at 110.50 here, it may well see 111+.
EUR/JPY at 131.85 has moved up to test my target of 132, it might break above the near-term resistance at 132.25-50.
Sterling (GBP) at 1.3310 broke above 1.3270, and may test 1.3400-20 near term. Note, that the 1.34-45 region is a good long-term resistance, and may run into selling there.
AUD (Aussie) at 0.8032 saw only a dip to 0.7996 Tuesday, above support at 0.7965. Looking for a rise to 0.8070 soon. My target 0.82, but it may take a couple of weeks to happen.
USD/CNY at 6.5286 dipped after testing at 6.55. Let’s see if it will start moving up again Wednesday towards my target at 6.5750.
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