Forex Morning Briefing
$DXY, $EUR, $GBP, $JPY, $AUD
Commentary: Nothing new. PE
The US Dollar (.DXY) Index at 94.43 will see support at 94.3, then .DXY could weaken towards 93.3-93.0. If the trade negotiation chatter heaths up then .DXY could strengthen towards 95.5 as a safe haven. Right now seeing .DXY falling to 93.
EUR (Euro) at 1.1687 looks to want to move North in here, 1.172 is strong resistance, on a clear break there a move to 1.185 in the next 1-2 weeks might occur or a fall to 1.14 5 could happen instead. Release of US NFPs and official announcement of US tariffs on China maybe important today, and may already be priced in.
USD/JPY at 110.68 has broken resistances this week but longer term resistance 111.5-112.0 is strong. Maybe next week the ranging with open making the pair Bearish to 110 and lower.
EUR/JPY at 129.35 is testing resistance on both short term and long term charts. This may be an indication that we will see some direction in the next week after 5 weeks of ranging. Southside target is 124 medium term.
Sterling (GBP) 1.3212 looks stable 1.32 but may see 1.33 again in here. GBP looks Bearish. A clear break of 1.30 confirms our Bearish take.
Have a terrific weekend