NFP Impact on US Dollar Direction 2015.08.07
August 07, 2015 03:52
EUR/USD
4 hour
The EUR/USD's movement will be impacted by today's Non-Farm Employment Change.
1 hour
The EUR/USD had a range day yesterday which created the support (green) and resistance (red) trend lines.
GBP/USD
4 hour
The GBP/USD's movement will be impacted by today's Non-Farm Employment Change.
1 hour
Price action remained in the corrective pattern yesterday as price bounced off resistance, which was probably a move sparked by the lower than expected bank rate votes of the Bank of England.
USD/JPY
4 hour
The USD/JPY's movement will be impacted by today's Non-Farm Employment Change.
1 hour
The USD/JPY retraced back to the broken resistance (dotted red) which acted as support (blue line) for a potential wave 4 (lavender).