Forex PM Brief: EUR/USD Dips, USD/JPY Surges On US Employment

Stalling ahead of 1.3000 support, EURUSD continues to exude a bearish bias. Price action remains suppressed by resistance via the 1.3125 December 5th session high, which is dampening any advances on the 1.3200. As a result, expect 1.2942 to be tested in the near term.

EURUSD

GBPUSD

GBPUSD is finding support via the 1.6000 round figure, which is being reinforced by 100-EMA technical support. The barrier should act as an impetus for a short term temporary retracement, targeting the 1.6136 resistance level. Further downside is contingent on a downside violation of the psychological round figure.
GBPUSD

USDJPY

USDJPY has now broken through 87.59 61.8% fib resistance, portending the currency pair towards a test of 89.37 resistance. Any correction at this point would be shallow and temporary, likely targeting the aforementioned fib barrier.

USDJPY
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