U.S Nonfarm Payrolls Down 155K In Nov, Sideways Market!


The U.S Nonfarm Payrolls falls 155K, from 250K in the previous month, missing a forecast of 200K. While Unemployment Rate remains unchanged as the previous month and as expected at 7.3%. This development is negative a little bit for the USD. The USD may fall, but any fall will be limited. We can say: the USD is light bearish…

EURUSD: The pair is around the critical resistance 1.1393. A sustained breakout above this level is needed to open 1.1465 levels. A rejection from 1.1393 will turn the focus back on 1.1285 level. But minor support comes at 1.1340 levels. A cut below support is unlikely today. Buying the pair is recommended around support level…

GBPUSD: The pair still capped by 1.2822 level. Looks like taking out this level is unlikely today. Any fall below that level will be limited by 1.2730/1.2706 level. I think a cut below support is not easy today, so buying the pair with a tight stop around 1.2730 is an option. On the upside, selling the pair around 1.2822 is highly recommended…

USDJPY: The pair is going nowhere. It trapped within 112.29/113.40 level. You may buy it around 112.29 but remember; it may break lower, it’s risky a bit. The best choice for USDJPY is selling the pair around 113.40. If 113.40 fails to hold, a higher leg above 114.00 is very likely. But I think the pair may fall to 112.73/112.29, from 113.40 (If reached) before attempts to break above 113.40 levels…




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