-
FX weekly — DXY and 14 currency pair levels and targets
USD/JPY begins the week fairly neutral to overbought inside a range from short 150.51 to long 148.49. For the 3rd week running , GBP/JPY and EUR/JPY trade oversold. GBP/JPY's vital break at 180.52 trades 99 pips from the 181.51 close while EUR/JPY trades 107 pips from the vital break at 156.01. Neither EUR/JPY nor GBP/JPY is expected to cleanly break this week. AUD/JPY was first to break lower at 94.33 and this level will become important this week to longs and shorts. NZD/JPY sits just above 87.75. CAD/JPY contains a long way to break 107.73 to trade much lower while the same applies to CHF/JPY at 162.04 and USD/JPY ... (full story)