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AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85

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EUR/USD is trading in narrow range, market eyes US NFP data

Thursday, April 2, 2015 12:54 PM UTC

RES 4: 1.0950 (Mar 27^th high)
RES 3: 1.09149 (61.8% retracement of 1.10511 and 1.0711)
RES 2: 1.08746
RES 1: 1.0830 (Kijun-Sen)

PRICE: 1.08129 @ 12:32 GMT

SUP 1: 1.0783 (20 day 4HMA)
SUP 2: 1.0680 (61.8% retracement of 1.04613 and 1.10509)
SUP 3:1.0610 (Mar 19^th low)
SUP 4: 1.0550 (Mar 17^th low)

Commentary:

EUR/USD is trading well below 200 day 4HMA and this confirms intraday weakness decline till 1.0600 is possible.

US NFP data which is to be released on Friday will have major impact of USD/JPY further direction. Employment data is expected to add 247000 jobs compared to forecast of 295000.

On the upside minor resistance is around 1.08746 and break above would extend gains till 1.0915. Sell around 1.0850 stop around 1.0950 with target of 1.0600

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EUR/USD is trading in narrow range, market eyes US NFP data

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