EURUSD

 

EUR/USD remains sidelined near 1.0780-75 as it consolidates the biggest daily jump since March heading into Friday’s European session. The Euro pair portrays the market’s sluggish momentum amid a light calendar and positioning for the next week’s top-tier data/events.

 

 If the pair continues the uptrend to the range of 1.0815, it is expected to continue the uptrend to the range of 1.0846.

On the other hand, If the pair continues the downtrend to the range of 1.0724, it is expected to continue the downtrend to the range of 1.0664.

 

 

USDJPY

 

The USD/JPY pair attracts some dip-buying near the 138.75 region, or a fresh weekly low touched during the Asian session on Friday and recovers a part of the previous day’s heavy losses.

 

if the pair continues the uptrend to the range of 139.82, it is expected to continue the uptrend to the range of 140.73.

On the other hand, If the pair continues the downtrend to 138.41, it is expected to continue the downtrend to 137.91.      

 

 

GBPUSD

 

GBP/USD is keeping its range play intact at around 1.2550 in the European morning this Friday. The US Dollar is licking its wounds following the US jobs data-led steep sell-off. Markets stay cautious, anticipating the end-of-the-week flows and position adjustments.

 

If the pair continues the uptrend to the range of 1.2603, it is expected to continue the uptrend to the range of 1.2646.

On the other hand, if the pair continues the downtrend to 1.2475, it is expected to continue the downtrend to 1.2390.

 

 

AUDUSD

 

The AUD/USD pair has sensed some selling pressure above the round-level resistance of 0.6700 in the Asian session. The Aussie asset is struggling in maintaining an auction above the aforementioned resistance as the US Dollar Index (DXY) has attempted a recovery from near the crucial support of 103.30.

 

If the pair continues the uptrend to the range of 0.6739, it is expected to continue the uptrend to the range of 0.6761.        

On the other hand, if the pair continues the downtrend to 0.6695, it is expected to continue the downtrend to 0.6673.

 

 

XAUUSD

 

Gold price is consolidating Thursday’s impressive rebound from near $1,940, having yo-yoed within a $30 weekly range. Gold price could see a range breakout on Friday should the end-of-the-week flows trigger intense volatility.

 

If the pair continues the uptrend to the range 1977.39, it is expected to continue the uptrend to the range of 1989.39.

On the other hand, if gold continues the downtrend to the range of 1946.56, it is expected to continue the downtrend to the range 1927.73.