Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

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

Commentary: A bit of slowdown in the Dollar’s up-move seen. PE

Consolidation in USD/JPY at 112.75 seen below 113.00-50 over the last 2 days. Let us see if it Tops out below 113 now or breaks out.

The ER/JPY at 132.56 look Bullish overall with support at 132.00.

Consolidation happening in EUR (Euro) at 1.1758 between short-term Bearishness towards 1.16 and longer term Bullishness while above 1.16.

Note: 1.16 is Key support, dividing the Bullish/Bearish zones. This corresponds with resistance near 94.50 on The US Dollar (.DXY)Index.

A dip in Sterling (GBP) at 1.3237 within current Bearishness that targets 1.3200-3150 or less.

AUD (Aussie) at 0.7830 has dipped a bit but has support at 0.7800-7780.

Stay tuned…

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