After this currency pair descended into its short-term support zone, the corrective phase ended.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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A light start into the fresh trading week is likely to see a continuation of risk-on mood across asset classes.
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USDJPY: Close to long-term bullish breakout beyond 110.00
The Euro has rallied slightly during the trading session on Friday as you would expect, considering that the US jobs number missed the expected announcement
The Australian dollar has rallied significantly during the trading session on Friday, breaking above the 200 day EMA in a shows strength yet again.
The NASDAQ 100 initially tried to rally during the day on Friday but pulled back a bit as we had broken above the 9000 handle.
The US dollar has rallied slightly during the trading session on Friday, but the jobs report out the United States was a bit lower than anticipated.
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The S&P 500 has initially rally during the trading session on Friday, but the jobs number was a bit disappointing in the United States.
The British pound has stabilized a bit over the last 48 hours, which of course is exactly what it needs to see in order to keep the move to the upside still possible.
Natural gas markets initially pulled back during the trading session on Friday, but then rallied to break above the $2.20 level.
Bitcoin markets rallied a bit during the trading session on Friday, reaching towards the highs of the Thursday session.
The West Texas Intermediate Crude market broke lower initially during the trading session on Friday, as we awaited the jobs number.