Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


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.

Stay tuned…

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