Forex Morning Briefing
$DXY, $EUR, $GBP, $JPY
Commentary: Nothing New. PE
US Dollar (.DXY) Index at 93.73 rose Monday and has seen 93.89 Tuesday, and now could move lower, targeting 93.0-92.8 this week.
EUR (Euro) at 1.1766 has seen lows near 1.174 Tuesday, now looks like it could rise to 1.1875-1.1900 in this week, 1.19 is major resistance.
USD/JPY at 110.24 turned Bullish, and can rise this week targeting important resistance at 111.5.
EUR/JPY at 129.70 holding near 129.5-130.0, the pair may test higher to 131 this week.
Sterling (GBP) at 1.3364 is moving to 1.33 after testing at 1.347 last week. GBP looks Bearish to 1.33-1.32. Support at 1.31 is Key, a clear break there could lead to medium term Bearishness.
Latest posts by HEFFX Australia (see all)
- Australian Dollar: AUD/USD (AUD=X) Australian consumer confidence in focus - July 15, 2020
- Australian Dollar: AUDUSD Heading Lower - July 13, 2020
- Euro: EUR/USD Struggles - July 13, 2020