USD/JPY The US dollar bounced around against the Japanese yen during Friday’s trading session, but after the jobs number came out it seems as if most traders simply went home. The markets continue to hover just above the ¥112.50 level, and thoughtfully are well supported underneath at the uptrend line that are marked on the chart
The Australian dollar also fell during the day, but it seems as if it is well supported just below the 0.72 handle. Because of this, it’s only a matter of time before the buyers come in and try to pick up value, especially if we get some type of positive words coming from China about the US/China trade negotiations.
The Euro pulled back slightly during the trading session on Friday but then shot higher after the jobs number was just slightly disappointing. However, there is a ton of resistance between this area and 1.15 above.
The British pound fell during trading on Friday, reaching towards 1.27 level again. However we did get a little bit of a bounce in that area, so it’s likely that the buyers will continue to look at that area as potential value.
10.12.2018 Monday Morning Analysis
USD/JPY, AUD/USD, EUR/USD, GBP/USD