The green currency fell from the highest level in four months against the yen after the U.S. non-farm payrolls released today showed that job losses increased in January above estimates, causing the dollar to retrace yesterday's 0.8% advance. However, the dollar rebounded after reaching a low of 77.39 to 77.88 where it is currently traded.
With regard to the euro-dollar pair, it is minimized its earlier gains accrued directly after the release of the NFP report that lifted the pair up to a high of 1.4415, but now it is traded at 1.4321 after doing a downside correction that appears clearly on the 4-hour charts. The pair recorded a low of 1.4261, while it is facing the coming support at 1.4280 while resistance is seen at 1.4360.
As for the sterling-dollar pair, it is also inclining on the daily charts after the report, but then it slipped below the resistance at 1.5980 which represents 76.4% Fibonacci retracement to the upside trend that started on October 13, where the last candle on the 4-hour charts describes the fall. The pair is currently traded at 1.5977 after setting a high of 1.6019 and a low of 1.5914; while the coming support for the pair is seen at 1.5950 then 1.5900 and the resistance is spotted at 1.6035.
Relative to the dollar-yen pair, it is declining on the daily charts to a low of 92.26. The yen gained today after the announcement of the new Japanese Finance that the yen value should be set by the market value and after the NFP report which ignited fears in markets, thereby enhancing demand on the yen as a safe haven. Now, the pair is traded at 92.83 after hitting a high of 93.76, while the pair is currently facing the coming support level at 92.35, while the resistance is spotted at 93.50.