USD/JPY has Formed 61.8 Fib Confluence Prior to the NFP Report

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The USD/JPY has formed a confluence zone exactly at 61.8 fib. However, today is Good Friday and banks are offline.

We could see a very slow market before the NFP as banks are offline due to Easter holidays. The volatility could be slightly higher during and after the NFP so the USD/JPY and Gold will be affected. Pay attention to either bounce or a breakout above/below the trendline. Targets are 110.90 to the upside and 110.19 to the downside, depending on the NFP result.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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