Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY, $EUR, $JPY, $GBP, $AUD

Commentary: Some very strong bets are being tested given the market has been focused on stronger EUR, GBP and JPY story-lines for some time. This current USD move will either prove to be a brilliant opportunity to rejoin the battle aka short USD trade or a super moment for USD Bullish contrarians. PE

EUR/USD

Current level – 1.2305

The slide through 1.2380 confirms the bearish bias, for a break through 1.2280 dynamic support to 1.2240.

Key resistance is seen at 1.2380.

Resistance Support
intraday intraweek intraday intraweek
1.2380 1.2560 1.2280 1.2160
1.2460 1.2560 1.2240 1.2090

USD/JPY

Current level – 106.67

The bias is positive after the break though 105.90, for a rise to 107.90.

Key support is seen at 105.90.

Resistance Support
intraday intraweek intraday intraweek
107.00 108.30 105.90 105.20
107.90 110.40 105.20 104.60

GBP/USD

Current level – 1.4042

With the recent break through 1.4075 support the outlook remains Bearish, for a move to 1.3910. Initial intra-day resistance lies at 1.4130.

Resistance Support
intraday intraweek intraday intraweek
1.4130 1.4280 1.3980 1.3710
1.4240 1.4340 1.3910 1.3620

Have a terrific Easter weekend.

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