The U.S Nonfarm payrolls fell 160K, from 208K in the previous month. The indicator was expected to fall 202K in the last month.
The U.SÂ unemployment rate remained unchanged at a seasonally adjusted 5.0%, from 5.0% in the preceding month as expected…
This development put the USD under pressure. A corrective pullback is likely before the next rise…
EURUSD: As long as 1.1396/1.1420 support holds on a 4-hour closing basis. The pair remains in a recovery mode and further upside couldn’t be ruled towards the 1.1476/1.1508 levels before the next fall. Below 1.1396 will restore the downside momentum and open the 1.1368/1.1345 levels…
GBPUSD: The pair remains under pressure as long as trades below 1.4520 levels on a 4- hour closing basis. Support comes at 1.4415 levels, above 1.4520 faces a recovery risk towards the 1.4628 levels…
USDJPY: The pair was rejected from the key resistance 107.44 but downside below 107.44 should be contained well by the key support 106.24…
