U.S Dollar Rises On Green U.S Jobs Report

Forex -dollar -6598956

The U.S Nonfarm Payrolls fell by 1,763K, from 4,791K a month earlier. passing a forecast of 1.600K. The Unemployment Rate also fell by 10.2%, from 11.0% in the previous month. Missing a forecast of 10.5% in the last month. This development is likely to support the U.S dollar.

EURUSD: The pair is expected to remains under pressure, but any corrective pullback will be limited by 1.1689/1.1753. On the upside. Above 1.1873 (4-hour) closing basis will bring a strong bullish move.

Expected range: 1.1689/1.1938

Support: 1.1753, 1.1689, 1.1605, 1.1540, 1.1460

Resistance: 1.1850, 1.1938, 1.1995, 1.2060, 1.2138

GBPUSD: The bullish momentum remains intact above 1.3080 levels. Buying the pair on dips is recommended.

Expected range:1.3080/1.3190

Support: 1.3080, 1.2920, 1.2780, 1.2665, 1.2515

Resistance: 1.3190, 1.3333, 1.3500, 1.3600, 1.3750

USDJPY: Limited gains below 106.00 levels…

Expected range: 105.00/106.05 levels…

Support: 105.00, 104.25, 103.25, 102.25

Resistance: 106.05, 106.70, 107.45, 107.85

MARKET DATA

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