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Yen to the highest since early June

al_dcdemo Updated 5 Aug.  in #Trader's blog #Support #Resistance #USD/JPY #Adp Non Farm Employment Change #H1 Chart #Markit Final Services Pmi #Ism Non Manufacturing Pmi
Despite the miss in ADP Non-Farm Employment report (185K vs. 216K expected, 229K previous), USD/JPY didn't fell far and promptly reversed. Solid Markit Final Services PMI (55.7 vs. 55.2 expected, 55.2 previous) and much better than expected ISM Non-Manufacturing PMI (60.3 vs. 56.3 expected, 56.0 previous) then propelled it through the strong 124.50 resistance to the highest since early June.
125 level, where it stalled, is now the initial resistance. 125.40 - 125.50 band (Weekly Resistance 2, Mo…
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EURo continues higher

al_dcdemo Posted 6 May  in #Trader's blog #Euro #EUR/USD #European Session #Daily Resistance 3 #Weekly Resistance 1 #Asian Session #100 Dma #Adp Non Farm Employment Change
Following yesterday's bounce from previous (1.0450 - 1.1050) range high, Euro was bid for the most of Asian session and came into European session on its highs. Despite positive data and few attempts to the upside, it went sideways until weaker than expected ADP Non-Farm Employment Change sent it through resistance in 1.1275 - 1.1300 band.
1.1380 - 1.1410 is the next strong layer of resistance: Weekly Resistance 1 (1.1383), 1.14 level, Daily Resistance 3 (1.1407). On the downside, 1.13 level sha…
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