NFP Impact on US Dollar Direction

3 min read

EUR/USD

4 hour

07-08-2015eu4
The EUR/USD’s movement will be impacted by today’s Non-Farm Employment Change.

1 hour

07-08-2015eu1
The EUR/USD had a range day yesterday which created the support (green) and resistance (red) trend lines.

GBP/USD

4 hour

07-08-2015gu4
The GBP/USD’s movement will be impacted by today’s Non-Farm Employment Change.

1 hour

07-08-2015gu1
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

07-08-2015uj4
The USD/JPY’s movement will be impacted by today’s Non-Farm Employment Change.

1 hour

07-08-2015uj1
The USD/JPY retraced back to the broken resistance (dotted red) which acted as support (blue line) for a potential wave 4 (lavender).

Twitter: @elitecurrensea 

Please note that the update is posted with permission from Admiral Markets
read the original article on AdmiralMarkets.com

Thank you

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