New Cable Thread & Other Pairs

EUR/USD advanced near the yesterdays high and consolidated in a tight range. For now the pair is up looking at highs above 1.1120. Next if the pair rises 1.1140/50 are the next stop unless news break it even higher towards 1.1164 or 1.1201. Support is at 1.1065/75 and a break below may find some support to 1.1040 but if the momentum is stronger then 1.1026 or 1.1000 could be its target. Have a great day ahead!

Daily volatility (range) 120 pips

Option expiries for Friday: 1.1000 (EU1.74b), 1.1100 (EU1.18b), 1.1150 (EU1.05b) Source: financialjuice.com

Significant news - US Nonfarm Payrolls, Unemployment rate & Average Earnings.

1 hour

The USD/JPY fell below 143 in New York yesterday, but then rebounded sharply, rising by about 140 pips, before gradually falling again. The Tokyo market was also largely suppressed in the upside today. I gave up on long positions and switched to short positions, and am now on the move to look for the previous low.

EURUSD
I will be closing half of the positions at 1.1134. Today NFP could change things.

EJ
Landing soon.

EU
Let's not forget the bigger picture
D1
1.1211

Gold
Bigger picture as NFP will bring these levels to play.

I'm also on a buy but will jump out at 1137-1140 area. If EU goes straight to 1.1211 then this month will be bearish because I think price will sink to the monthly pivot at 1.1000 and below from thereabouts.

no bla bla just following the instructions on the page move stops to more profit

EU might sink today

This was spot on as always if you know how to use it.

What a mess! Just remember 1065 - 1040 and 1.1100 1140/50 use them on your own risk!

Following the Nonfarm Payrolls (NFP) release today, EUR/USD experienced a sharp decline, reaching a low of 1.1078 before retracing and eventually climbing to a high of 1.1154. The pair then reversed course once again, dropping down to 1.1065 in what has been a volatile trading session. The initial drop can be attributed to better-than-expected US economic data, including a 0.10% decrease in the unemployment rate and an increase in average earnings.

Given the uncertainty surrounding the market's direction, it may be prudent to wait for more data and observe how the pair closes before making further trading decisions. As the weekend approaches, it's important to analyze the week's events and prepare a strategy for the upcoming week.

It was a pleasure to discuss and analyze the EUR/USD pair with you throughout this week. Have a great weekend, and I look forward to providing more insights and engaging in further discussions in the future!

Likely price direction of Cable.

Any piercing or harami on weekly that follows big run up, will result in re-test of opening price of long run up. Examples on weekly chart as shown. So this is heading for 1.2940 ish in mid September. Furthermore, September is statistically strongest month for USD. With good money management on your account, click sell now on Cable and come back in a week. Good luck.