Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaThere was no room for USD/JPY to fall: the support line and the lower line of Bollinger Bands were the main barriers. USD/JPY will likely surge to the resistance level of 109.90, where two moving averages and midline of Bollinger Bands lie. The pair will struggle to cross this level, but if it jumps above it, it can rocket to 110.310.
S&P 500, the US broad market index, has reversed up from the 100-day moving average of 4340. Now it’s edging higher to the 50-day moving average of 4440. Support levels are the 100-day MA of 4340 and the low of July 19 at 4280.
GBP/USD has plunged dramatically. Now it has paused near 1.3650, and the RSI indicator signals that the pair has approached the oversold territory. If GBP/USD manages to break the psychological mark of 1.3700, it will jump to late August highs of 1.3760.
