Forex Morning Briefing Major Pairs

Forex Morning Briefing, Major Pairs

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

Commentary: Nothing New. PE

EUR (Euro) 1.1808 fell in US trade Friday after an initial rise to 1.1875 on the release of US CPI (+2.23%) and US Retail Sales (+4.69% y/y). Now it is testing the lower support a 1.1800. Still seeing a rise towards 1.20.

USD/JPY at 112.00 recovered after dipping to 111.50 mark, it may now try to rise to 113.00 over this week.

EUR/JPY at 132.23 tested and held above support at 131.70, and may rise to 133.25 next, it is still in an overall uptrend.

Sterling (GBP) at 1.3288 stable. It rose to 1.3325 Friday and might want to test 1.3400-50 now, but seeing long-term resistance at 1.34-35.

AUD (Aussie) at 0.7878 up from a low of 0.7733 over the last week aided by strong Copper, that suggests chances of some more upside to 0.7930 or higher.

CNY at 6.5769) trades relatively strong in here.

Have a terrific week.

.DXY, AUD, Bullish, consolidation, direction, EUR, forex, GBP, jpy, pairs, range

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.