Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs


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.

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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