US NFP forex trading levels to watch

Time to look at some numbers for today’s US jobs report

May NFP 223k
NFP expectations RTRS & BBG 195k exp.
BBG hi/lo 247k/125k
RTRS hi/lo 245k/144k
Private payrolls 190k exp vs 218k prior
Manufacturing payrolls 15k vs 18k prior
Government payrolls 5k prior
Average hourly earnings 0.3% exp y/y vs 0.3% prior
2.8% exp y/y vs 2.7% prior
Average working hours 34.5 exp vs 34.5 prior
Unemployment rate 3.8% exp vs 3.8% prior
Participation rate 62.7% prior
U6 underemployment 7.6% prior

As I said earlier, I’m struggling to see us getting a big move unless there’s some huge variations. We can but hope though.

If we do see some moves, here’s some levels to watch.

USDJPY

111.00 (bit too close)
111.10/15 (recent high but again close)
111.35/40 (May hiigh)
111.50 (barriers)
111.90-112.00 (barriers)

Down

110.36 55 (H4MA)
110.25/30 (Jul lows bouncing off the 100 H4MA)
110.00/15 (200 DMA 110.13. 200 H4MA 109.98)
109.84 (55 DMA)
109.65/70 (supp)
109.30 (supp)

EURUSD

1.1730/35 (too close)
1.1745/50 (res)
1.1785/90 (55DMA)
1.1800 (old res)
1.1830 (strong S&R)
1.1854 38.2 fib of April drop

Down

1.1670 (sup & 200 H4ma 1.1674)
1.1650 ( 55 H4MA 1.1647)
1.1630/40 (S&R. 100 H4MA 1.1633
1.1600 (sup)
1.1575/80 (sup)

There are just the main indicators and standout levels on my charts I use to gauge potential stretch points following data moves. It where I potentially look to fade a move. For today, I’m mainly looking towards the wider edged, 111.50 & 110.00 for USDJPY and 1.1800/30 & perhaps 1.1650 for EURUSD.

Good luck everyone.