Forex Morning Briefing
$DXY, $EUR, $JPY, $GBP, $AUD
Commentary: USD continues to weaken. PE
EUR (Euro) at 1.2458 rose overnight to test the resistance on the weekly line. The previous high of 1.2537 is the next resistance. If a clear break there, then see 1.2600 and 1.2670. There is chance of a dip from 1.2537. Will wait to see.
USD/JPY target at 106.50 met. There is immediate support at 106.00 and then more support at 105.50, Note: A break below 105.50 could be Very Bearish.
EUR/JPY at 132.67 saw a low of 132.35, just above our target of 132. The pair take on more Bearishness while trading below 133 and 134.
Note: Confirmation is needed by a break below 132.00-131.50 in here.