Forex analysis...

Hello Traders...


USD LOOKS STRONG AGAIN…

NFP data : The October unemployment rate dipped to its lowest level in over 5-years at 4.4%, with another bout of strong upward revisions to previous months' non-farm payrolls.



EUR-USD

50 dma – 1,2692
100 dma – 1,2706

Strong support – 1,2677

Resistance – 1,2730 then 1,2775-80

Range trading possible, watch daily close…., needs below 1,2675 for strong move down or above 1,2780-1,2800 for strong move up…

GBP-USD

20 dma – 1,8795
50 dma – 1,8838
100 dma – 1,8719

1,9100-45 was tested few times last week, but strong NFP number pushed pair lower below 1,9030 support ( now resistance ), structure is bearish at this moment, 1,8930-35 target possible…

Holding short position…

USD-JPY

20 dma – 118,55
50 dma – 117,77


Strong recovery during Friday’s us session, found resistance 118,15-40, needs to close above this level for move towards 118.80-119,00,

support 117,70-80…

Look to buy on dips if seen…

USD-CHF

Strong move above 1,2500 level suggest that 1,2580-1,2620 could be test soon, watch support at 1,2470-80…

Holding long position…

for more details send email to me...

Good Luck Good Trade
Piotr

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