Awaiting NFP Data

About Setyo Wibowo:

Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

About Me My Articles

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook
Similar with what happened two days ago, yesterday EURUSD bottomed at 1.5510 but close stronger at 1.5680. Here we can see that the pair is moving in ranging area between 1.9504 and 1.5510-30 area in the daily chart. We also have US Non Farm Payroll data today.  The key levels is 1.5725 resistance and 1.5530 support.

EURUSD Daily Supports and Resistances:

• S1= 1.5564
• S2= 1.5448
• S3= 1.5387
• R1= 1.5741
• R2= 1.5802
• R3= 1.5918

GBPUSD Outlook
The Cable broke the 1.9950 resistance yesterday, closed at 1.9958. Today the pair  could make further upside attempt, testing 1.9989 area (61.8% Fibonacci retracement from 1.9336 to 2.0397). Immediate support at 1.9863.

GBP Daily Supports and Resistances:

• S1= 1.9819
• S2= 1.9680
• S3= 1.9602
• R1= 2.0036
• R2= 2.0114
• R3= 2.0253

USDJPY Outlook
Yesterday the USDJPY opened at 102.29, high at 102.94, low at 102.07 and closed at 102.24, formed a doji pattern on the daily chart. CCI also in overbought area and moving down toward 100 line. So today we may see a downside correction from bullish short/medium term trend. The key level is 103.66 (61.8% Fibonacci retracement from 108.60 to 95.73)

USDJPY Daily Supports and Resistances:

• S1= 101.89
• S2= 101.54
• S3= 101.02
• R1= 102.76
• R2= 103.28
• R3= 103.63

USDCHF Outlook
The USDCHF broke the important 1.0197 resistance area yesterday, and top at 1.0216, but closed down below at 1.0096. Seems like the further upside movement is very limited at this time.

USDCHF Daily Supports and Resistances:

• S1= 1.0038
• S2= 0.9981
• S3= 0.9892
• R1= 1.0184
• R2= 1.0273
• R3= 1.0330