Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY$EUR$GBP$JPY

Commentary: Nothing New. PE

The US Dollar (.DXY) Index at 93.51 broke below support 93.68, it may bounce from 93.3, or fall to 92.8. A clear break below 92.8 has .DXY Bearish medium term.

EUR (Euro) at 1.1792 broke resistance at 1.175 and tested 1.18. A clear break of 1.181 take it to 1.19. A break there has the single currency Bullish medium term.

USD/JPY at 109.96 is running to long term resistance 111. A test of 111/112 should bring a dip.

EUR/JPY at 129.66 is testing Key resistance at 129.5-130.0. The pair could move to test 131.0-131.5. A clear break of 131.5 has it Bullish medium term.

Sterling (GBP) at 1.3427, GBP moving to resistance at 1.345, then at 1.345 should dip. But, a clear break there may drive it to 1.355-1.360.

Stay tuned…

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