The first Friday of July is here! That means we are about to see a new NFP release at 15:30 MT (GMT+3) time! Why is everyone so excited about this data? The reason is great and simple – it makes the US dollar extremely volatile! 🤓

What is NFP? Non-farm payrolls (NFP) show how many people were employed in the previous month, excluding those who work in the farming industry. It comes out together with two important indicators: the unemployment rate and average hourly earnings.

Combined, they represent a powerful fuel for the American currency. Last month, the actual figures of NFP came out at +559K (below the estimates of +645K). It disappointed traders and weakened the US dollar against other currencies.

This time, as analysts expect non-farm payrolls to rise by 700K, we may see a completely different picture! Remember, if the actual data is better than the forecasts, the USD will surge! An alternative scenario will pull the greenback down. 😎

Learn what are Non-farm Payrolls

Gold on the h4 frame breaks the rising price channel, confirming the short-term downtrend
Next week we will watch the main selling
As for where to sell, see you tomorrow morning

Tet is coming soon. Try your best for the meat-filled banh chung 🥰

🥇 Forex Signals 🥇

📆 Signal Published ::::::: 9/7/2024

✅ Symbol ::::::: EURJPY

📈SELL AREA ➡️ 174.58

💠 Take Profit 1 : 174.20
💠 Take Profit 2 : 173.70
💠 Take Profit 3 : 172.85
💠 Take Profit 4 : 172.00
💠 Take Profit 5 : 170.90

✖️Stop Loss ➡️ 175.18 (60 PIPS)

🔔Use Risk Management
🏆Forex Signals 🏆

EURJPY