Forex Morning Briefing
$DXY, $EUR, $GBP, $JPY, $AUD
Commentary: Nothing new. PE
The US Dollar (.DXY) Index at 94.73 dipped from resistance near 95, and now a dip to support 94.0-94.2 is possible in here.
USD/JPY at 112.49 is looking Bullish in the coming couple of weeks. And it could test at 114 by next week, there is some resistance at 114 and then at 115. The bias is Bullish this week.
EUR/JPY at 131.42 broke Key resistance last week at 130, the pair is Bullish for the next 2 weeks, with chances of a pause in the 131.5-132.0 resistance area. If it moves past it, then see a test at 133.5 next week. Near term Bullishness might be capped at 35.
Sterling (GBP) at 1.3236 could test 1.33 Monday again and then dip towards 1.305 this week, and 1.305 is a Key support zone, when it breaks makes GBP Very Bearish.
Have a terrific week.
Latest posts by Paul Ebeling (see all)
- F1: US Grand Prix, Hamilton Takes the Pole Ahead of Ferrari’s Sebastian Vettel - October 20, 2018
- Vintage Ferrari’s (NYSE:RACE) Are the Most Expensive in the World - October 20, 2018
- Protect Your Wealth in a Choppy Market - October 20, 2018