The NFP is quickly approaching, so we can expect increased volatility in the USD crosses as well as gold as we get closer to Friday. Yesterday two different FED officials kept the door open for an interest rate increase next month, so for this to be really a possibility, strong data is needed. In any case, it was enough to cause a strengthening of the USD yesterday.Read More
EUR/USD: The pair is trading above its upward trend line on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1581.
USD/JPY: The pair has pierced the lower band of the Bollinger band on a 4 hour time frame. The near term support is at 106.17 and the resistance is at 113.73.
GBP/USD: The pair is trading above its 50 (1.4456) and 100 (1.4315) day moving average on a 4 hour time frame. The next resistance is at 1.4844 and the support is 1.4121.