Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

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

Commentary: Nothing new. PE

The US Dollar (.DXY) Index at 89.99 sees 1st resistance 90.10-90.15. A breach of that would mean a test of higher resistance at 91 and a fall after.

EUR (Euro) at 1.2307 marked a low of 1.2282 Monday and might fall to 1.225 this week. As mentioned Monday, this could happen alongside .DXY breaching the 13-Wks MA and moving to 91.

USD/JPY at 105.93 dipped further after having testing resistance at 106.93 last week. The 13-Days MA line on the daily line might make it pause in here, but see a test of support 104.5 next week.

EUR/JPY at 130.38 has dipped to 130 and might now move to support near 129.5-129.0 on the daily candles. A test of 1.225 by the single currency, and 105.5 by USD/JPY yields a target of 129.24 for the pari this week.

Sterling (EUR) at 1.4057 pause in its move South to support at 1.395-1.390. We expect it to test this support next week

Stay tuned…

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