U.S ISM Non-Manufacturing PMI Rises 61.6, USD Remains Up!


The U.S ISM Non-Manufacturing PMI rose 61.6, from 58.5 passing forecast of 58.1 in the last month. This development should keep the USD up in the short time. EURUSD: The pair remains under heavy pressure below the 1.1590 levels with a risk to the 1.1533 levels, a cut through that support on a daily closing basis will aim the 1.1478 levels, further down support comes at the 1.1407 levels. Above 1.1590 is likely today, however; next resistance comes at the 1.1638 level.

GBPUSD: The pair was rejected from the 1.3010 levels as suggested this early morning, at the moment of writing is hovering around 1.3000, a break above 1.3010 probably is likely today, but it’s not impossible if seen that would bring a good selling opportunity below 1.3072 levels, not that we a strong resistance at the 1.3033 levels according to the 4-hour chart, a break above that level is easy at all, a daily closing above 1.3010 followed by H4 closing – GMT+3 – above 1.3033 levels is an early warning fo challenging or breaking above 1.3072 levels.

USDJPY: The pair is very bullish above 113.45 levels with a risk to the 114.27 levels, above that level aims the 114.88 level which is impossible to break without a strong news such as U.S Nonfarm Payrolls next Friday…

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