USD: Light Bullish On Mixed U.S Jobs Report!

Forex- 98785666

The U.S Nonfarm Payrolls rose by 255K, from 145K a month earlier. Passing a forecast of 160K. (Positive for USD). While the Unemployment Rate rose by 3.6%, from 3.5% in the last month. Passing a forecast of 3.5%. ( Negative for USD). This development is likely to bring a sideways market with an upside bias for the USD.

EURUSD: The pair is likely to consolidate around 1.0963 levels before the next move ( break lower).

Support: 1.0963, 1.0930, 1.0890, 1.0855, 1.10825

Resistance: 1.1015, 1.1047, 1.1095, 1.1141, 1.1172

GBPUSD: The pair is under pressure but around critical support 1.2910. A hesitation is suggested around this level before the next move.

Support: 1.2910, 1.2840, 1.2790, 1.2705, 1.2600

Resistance: 1.2988, 1.3090, 1.3150, 1.3210, 1.3275

USDJPY: The pair remains bullish but hesitates ahead of 110.25 levels.

Support: 109.65, 109.29, 108.65, 108.27, 107.85

Resistance:  110.25, 110.75, 111.35, 111.82, 112.30

WTI Oil: A consolidation below/around 51.15 is likely…

Support: 48.60, 46.15, 44.30, 42.00

Resistance: 51.15, 52.60, 55.00, 57.30

XAUUSD: The pair is testing 1580 levels. Expected range 1565/1580…

Support: 1548, 1531, 1510, 1485, 1465

Resistance: 1565,1580, 1594, 1611, 1625

XAGUSD: A consolidation below/around 17.77 is likely. Any move above 17.77 will be limited by 18.10

Support:17.43, 17.17, 16.85, 16.50, 16.25

Resistance: 17.77, 18.10, 18.42, 18.67, 18.85

MARKET DATA

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