Market Morning Briefing by XtreamForex

Market Morning Briefing Friday

EURUSD: bearish bias  for the coming week, expecting the pair to trade downward in a 1.1275-1.0950 range in the near-term.
GBP/USD-No-Deal Brexit Risk Remains The Big Issue For Sterling.
GBP remains highly sensitive to the risk of a no-deal Brexit.
GBP/USD bids are tipped ahead of 1.2600 (option expiry/barrier level).

INFO: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EURUSD:
Decline in EUR has scope to extend further but oversold condition suggests a break of 1.1100 is unlikely.
GBPUSD: Downward momentum is still patchy but there is room for GBP to test 1.2600 first before a rebound can be expected.
AUDUSD: AUD is expected to trade sideways, likely within a 0.6900/0.6940 range.
NZDUSD: NZD could dip below 0.6500 but last week’s low of 0.6482 is unlikely to come under threat.
USDJPY: Advance in USD could extend further but the strong 110.00 resistance is unlikely to crack .

Author: Mark Burg