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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 133.550 with Take Profit at 133.803
Bearish Preference:
Sell position is envisaged if price trades below 132.886 with Take Profit at 132.628
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
Comment:
The U.S. dollar edged higher in early European trade Friday, attempting to recoup some of the previous session’s hefty losses ahead of the release of the widely-watched monthly U.S. employment report. Economists expect nonfarm payrolls to have increased by 250,000 last month, a slowing in growth from the 372,000 jobs in June. That would mark the 19th straight month of payrolls expansion but would be the smallest increase in that span.
Analysis: SCRUM Team
