Forex Morning Briefing
$DXY, $EUR, $GBP, $JPY, $AUD
Commentary: Nothing new. PE
US Dollar (.DXY) Index at 95.245 looks Bullish to resistance at 95.6-95.8 in here. A clear break there open the path to 96, which corresponds with EUR testing support at 1.145.
EUR (Euro) at 1.1561 broke below 1.16 last week, now seeing 1.1508 in here. A clear break below 1.1508 opens up support at 1.145 on the single currency.
USD/JPY at 111.33 sees 1st support at 111, then at 110.5. While trading above 110.5, it may move 113 . Seeing 113 tested soon
EUR/JPY at 128.73 broke support and could move to 128.0-127.5 in here before testing 127 next.
Note: 127.0-127.2 is important long term support on the weekly line, a clear break there would be Very Bearish the pair
Sterling (GBP) at 1.2995 broke below support at 1.3050 no matter the rate hike by the BoE. A move to 1.290-1.288 is in sight now.
Have a terrific week