FXstreet.com (Barcelona) - Market will remain less volatile in the Asian session, ahead of tomorrow's most market moving piece of data: U.S. Non-Farm Payrolls. For tomorrow market is forecasting a -650k decline in payrolls, and an increase in unemployment rate to 7.9%. If report hit those expectations, will be the largest amount of job losses in more than fifty years, and the fourteenth straight month of falls. However, there are more chances the report hits harder on risk appetite than dollar itself. The news could trigger losses in risky assets like stocks, and thus, boost dollar against currencies like Euro or Gbp.
By the opening of the Asian session, dollar and yen are losing ground against most rivals, with Euro attempting to move above 1.2560 and Gbp stuck in the congestion zone between 1.4135/65. Nikkei opens almost 1.5% lower following Wall Street, so it will be hard for Europeans to find enough support to run up higher
EUR /USD - Still bearish, the pair remains under 1.2600, first resistance level for today, followed by the 1.2660 zone, and above the 1.2694, 1.2755 and 1.2810. Supports from actual price, will be at 1.2510, followed by the 1.2480/90 zone, 1.2458, 1.2423 and finally 1.2388.
GBP/USD - Slightly bullish in 4 hours charts, the pair needs to clearly move above 1.4160, to continue moving to the upside, with next resistances at 1.4208, 1.4282, and above 1.4330. Supports will be at 1.4120, 1.4060 zone, followed by 1.4026, 1.3990 and 1.3946. Break under this last will aim for the lows 1.38's.
USD/JPY - Not much change from yesterday's perspective, the pair has made an interesting downside correction during American session, and regaining the bullish bias now. Consider resistances at 98.70, followed by 99.20 zone, followed by 99.67 Thursday's high. Break above will find next important resistance at 101.50. Supports will be at 98.00, 97.70 and 97.12 zone.