Jan 11 2016
Trading range for majors 11/01/2016.
A very strong NFP data 292K which was more than what the market expected had the market pulse moving, bashing pound to the low of 1.4506. As Eur/Usd did manage to recover for the day loss and closing the event at 1.0921.
Further weakness in pound the expected till 1.4300 levels but he key focus would be on Wednesday event where the decision for the change in interest rate could effect the trend.
Following are the key technical level to lookout for:
EUR/USD
S3: 1.0739 | S2: 1.0766 | S1: 1.0792 | R1: 1.0931 | R2: 1.0958 | R3: 1.0985 |
GBP/USD
S3: 1.4374 | S2: 1.4410 | S1: 1.4446 | R1: 1.4587 | R2: 1.4623 | R3: 1.4660 |