Sideways Market On Mixed U.S Jobs Report !


The U.S Nonfarm Payrolls fell 134K, from 270K in the previous month, missing forecast of 185K putting the USD under pressure. While the Unemployment Rate fell 3.7%, from 3.9% in the preceding month, missing forecast of 3.8%. The Unemployment Rate report is supposed to support the USD.

The mixed U.S report is likely to bring sideways market, but since Nonfarm Payrolls was negative, the USD may slide a little bit…

EURUSD: The pair is supported around 1.1472 levels, at the moment is hovering around 1.1530 levels, there’s a small chance to jump higher beyond 1.1530, but any rise above 1.1530 will be limited by the 1.1590 levels. Expected range 1.1472/1.1590…

Note: If fails to break above 1.1530, it may return to 1.1478 levels.

GBPUSD: Recovery mode still on, the pair is around 1.3072 levels, next resistance comes at the 1.3125 levels ahead of 1.3178 (main)…Expected range:(1.3000/1.3125)…

USDJPY: The pair is under pressure below 114.24 levels, further decline could be seen to the 113.35 levels. Expected range: (113.35/114.27).


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