USD/JPY has formed 61.8 fib confluence prior to the NFP report
|The USD/JPY has formed a confluence zone exactly at 61.8 fib. However, today is Good Friday and banks are offline.
We could see a very slow market before the NFP as banks are offline due to Easter holidays. The volatility could be slightly higher during and after the NFP so the USD/JPY and Gold will be affected. Pay attention to either bounce or a breakout above/below the trendline. Targets are 110.90 to the upside and 110.19 to the downside, depending on the NFP result.
The analysis has been done with the CAMMACD.Core System.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.