The US non-farm payroll jumps to 321K , 96K above expectation , such release is likely to boost the USD today and the upcoming days , let’s take a quick look at the market :
EURUSD : the pair declined to 1.2280 levels then rebounded , a cut will open 1.2240 levels , further losses will aim the 1.2150 levels , immediate resistance comes at the 1.2330 levels ahead of the 1.2375 levels.
GBPUSD : The pair has been trading sideways for more than a week , a daily closing below 1.5620 levels will open 1.5500 levels .At the moment , immediate resistance comes at the 1.5650 levels , below 1.5620 will open 1.5589 next , a cut will open 1.5550/1.5500 levels.
USDJPY : Support comes at the 120.67 levels , above this level will advance the pair further higher towards the 121.75 levels ahead of the 122.50 levels.
USDINDEX : The pair is bullish and aiming the 90.00 levels as long as support 88.90 holds .
Conclusion : Non-Farm Payroll rises to 321K , what is that supposed to mean ?!! the US economy still very strong and more gains are likely next week , any fall for the USD should be taken as an opportunity to buy the dollar on dips ….the RISK for EURUSD to decline towards 1.1875 has increased this month , EURUSD may end the year around 1.1875 levels ….more details will come later …