GBPJPY looks ready to resume its longer-term selloff, as price is completing its retracement on its 4-hour forex chart.
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The US dollar was off to a shaky start on Monday’s trading but soon regained ground to its forex rivals during the latter sessions.
GBPAUD is testing a major resistance area on its daily chart, as price is hovering around the top of the ascending channel around the 1.9500 major psychological resistance.
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The US dollar staged a strong rally on Friday, as the latest NFP report came in much stronger than expected.
GBPUSD recently broke past the 1.5200 major psychological resistance and rallied up to the 1.5350 minor psychological mark.
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The US dollar once again returned its recent gains as traders booked profits off their dollar longs prior to today’s NFP release.
EURJPY has been slowly treading higher, creating an ascending trend channel on its 1-hour forex chart.
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The US dollar had a mixed performance as it regained ground to the euro but consolidated to the yen and franc.
AUDCAD recently broke below a key support zone at the .9800 major psychological level and appears to be pulling up for a retest.
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The US dollar was in for a selloff yesterday when risk appetite picked up and traders dumped the safe-haven currency.