Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.0655-1.0670 on the upside, 1.0500-1.0515 on the downside.
AUDUSD: 0.7265-0.7280 on the upside, 0.7100-0.7115 on the downside.
USDJPY: 123.00-123.15 on the upside, 121.30 -121.45 on the downside.
GBPUSD: 1.5175 -1.5190 on the upside, 1.4885-1.4900 on the downside.
USDCAD: 1.3445-1.3460 on the upside, 1.3185-1.3200 on the downside.
NZDUSD: 0.6655-0.6670 on the upside, 0.6380 - 0.6395 on the downside.
EURJPY: 130.75 -130.90 on the upside, 128.85-129.00 on the downside.
EURGBP: 0.7085-0.7100 on the upside, 0.6935.6950 on the downside.
XAUUSD: 1085.00-1095.00 on the upside, 1020.00-1030.00 on the downside.
BRENT: 47.00-48.00 on the upside, 42.50 -43.50 on the downside.
SP500: 2105.00-2115.00 on the upside, 2045.00-2055.00 on the downside.
Warning! Propareos levels do not take into account fundamental developments. Their validity is reduced on days when the NFP is released and when Central Banks change their interest rate.
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GBP/USD advances to 1.2550, all eyes on US NFP data
The GBP/USD pair trades on a stronger note around 1.2550 amid the softer US Dollar on Friday. Market participants refrain from taking large positions as focus shifts to April Nonfarm Payrolls and ISM Services PMI data from the US.
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US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
The NFP report is expected to show that the US economy added 243,000 jobs last month, sharply lower than the 303,000 job creation seen in March. The Unemployment Rate is set to stay unchanged at 3.8% in the same period.