U.S Nonfarm Payrolls Down 145K In Dec Buy USD On Dips!

Forex -dollar -6598956

The U.S Nonfarm Payrolls fell 145K, from 256K a month earlier. Missing a forecast of 164K. The Unemployment Rate remained unchanged as the previous month at 3.5%. This development will put the USD under pressure, and it may delay the bullish move for the U.S dollar today. So… what are our recommendations for the market:

EURUSD: Selling the pair is recommended around 1.1125 levels. Support comes at 1.1090 levels. Below 1.1090 aims the 1.1050 levels. On the upside, above 1.1125 (unlikely) will pave the way to 1.1162 levels where another fall is likely.

Support: 1.1091, 1.1050, 1.1000, 1.0942

Resistance: 1.1125, 1.1162, 1.1213, 1.2950

GBPUSD: Selling the pair is recommended around1.3083/1.3135 levels. Above 1.3135 pave (unlikely) will pave the way to 1.3217 levels. Anyway; U.S jobs report may delay the bearish move…

Support: 1.2990, 1.2930, 1.2850, 1.2790

Resistance: 1.3083, 1.3135, 1.3217, 1.3272

USDJPY: Buying the pair is recommended around/ above 109.00 levels. Above 109.57 aims the 110.10 levels.

Support: 109.00, 108.50, 107.85, 107.45

Resistance: 109.57, 110.10, 110.75, 111.50

Update: Sideways move could be seen within the current range ( EURUSD, GBPUSD and USDJPY)