USDJPY grid up slightly on higher stock market
EURUSD unchanged with yesterday and overall stays in dullish range trading pattern. Today option defence around 1.12 and topside offers at 1.1250-60 remain capping either side movement and later US NFP data the key daily focus. Still to prefer the narrow range trading pattern continuation for today.
USDJPY grid up slightly on higher stock market, improving risk sentiment and expectation for US-China trade deal soon effect. Today China and HK holiday driven more thin liquidity in Asian session and later US NFP data (expect 180K) will have some intraday impact. Support at 111.40 and resistance at 111.90, current level prefers buying on dips with tight stop strategy.
GBPUSD lower on worry for Brexit uncertainty and talk with Theresa May / Jeremy Corbyn continues but without any breakthrough that driven some selling on GBP overnight. And the downside demand on hopes for long extension still limiting the downside move. Today Brexit news/speech remain driven the GBP move as well as US NFP data. Support at 1.30 and 1.306 with resistance at 1.313 and 1.317, still to prefer in choppy range trading strategy.
USDCHF higher slightly on following EUR move with EURCHF mostly in tight movement overnight. Today US NFP data the key focus and risk sentiment as well as stock/bond market move will also have some intraday impact. Support at 0.9930 and resistance at 1.0030, still to prefer in range trading strategy.
EURJPY grids up slightly on improving risk sentiment with higher DJI and Nikkei as rising UST bond yield (10 year yield at 2.522%) also support the cross. Today US NFP data and stock/bond market move will direct the intraday action. Support at 125.00 and resistance at 125.80, current level prefer the buy on dips strategy.
EURGBP remain in choppy range movement with closely following the GBPUSD move and Brexit news/speech remain the key driven factors. Today US NFP data might also have small intraday impact. Support at 0.85 and resistance at 0.86, still prefer in choppy range trading continuation for today.
GOLD dip down to 1280.91 overnight before rebounding on strong USD and higher stock/bond yield effect. Some optimism for US-China trade talks also boosting risk on sentiment and adding some pressure for GOLD. But overall base building process remain unchanged with good support around 1280 might still limit the downside move. Today US NFP data (expect 180K, unemployment rate 3.8%, average hourly earnings m/m +0.3%) and any surprises will see more intraday move. Support at 1280 and resistance at 1298, still to prefer keeping buy on dips strategy.
Silver around similar level from yesterday and overall following GOLD and broad USD movement. Today US NFP data and stock/bond market move will have some intraday impact. Support at 15 and resistance at 15.45, current level prefer buy on dips strategy.