Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaGBP/USD is moving inside the ascending channel. It has bounced off the support line at 1.3785. After a short pullback, it should continue edging higher. However, if it drops below 1.3785, it may fall to the lows of early September at 1.3750.
USD/JPY is moving up in the ascending channel as well. It has reversed up from the support line and has got closer to the significant resistance level of 110.00, which the pair may struggle to break on the first try. However, if it manages to cross it, the way up to the high of early September at 110.30.
Gold is trying to recover from yesterday’s losses. It may rise to the resistance level of $1780. The move above it will lead the metal to the 200-period moving average of $1790. Support levels are the recent low of $1750 and the lows of early August at $1725.
