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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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Get the GBP/USD Forex signal for January 9, 2017 here.
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The Euro fell during the session on Friday, as the jobs number came out roughly as expected. The GBP/USD pair fell also, forming a rather negative looking candle for the day.
The S&P 500 had a volatile session on Friday, as the jobs numbers came out of the United States. The NASDAQ 100 broke above the 5000 level during the day on Friday, a psychologically important feat.
The WTI Crude Oil market had a choppy session on Friday as traders received the jobs number out of the United States. Natural gas markets went back and forth on Friday, testing the $3.25 handle, which of course is supportive as we have seen over the last several sessions.
The USD/JPY pair rallied on Friday, using the 115 level as support. The Australian dollar tried to rally on Friday but turned around to form a negative candle.
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Gold prices ended the week up $22.31 at $1172.61 an ounce, as a retreat in the dollar took some pressure off the precious metal.
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The EUR/USD pair rallied on Thursday, breaking above the 1.05 level. The GBP/USD pair initially fell on Thursday but turned around to form a positive candle.
The US dollar fell against the Japanese yen during the session on Thursday, testing the 115 level. The Australian dollar broke above the 0.73 level on Thursday as well, and shot towards the 0.7350 level.