Forex Morning Briefing Major Pairs

Forex Morning Briefing, Major Pairs

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

Commentary: Possible USD/JPY fall ahead. PE

USD/JPY at 113.08 tapped a low of 112.97, dragging the EUR/JPY at 131.59 lower with it even as EUR at 1.1636 recovered a bit.

The dip in USD/JPY may confirms the strength of 114.50-115.00 resistance and opens a further fall to 112. Close below 113.00 will confirm.

EUR/JPY too looks like it can dip to 130 or lower.

This suggests the single currency will be subdued around 1.16. Our Bear target is 1.15.

Sterling (GBP) at 1.3203 trading sideways between 1.3040-3300 and can move to the upper end of the range.

AUD (Aussie) at 0.7675 rose to almost 0.7700 Monday. AUD has support at 0.7630-20 and might try to move North, while that holds.

USD/CNY at 6.6317 dipped from Monday’s 6.6438.

Stay tuned…

.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.