Only charts

Non farm payroll report will be released today at 12:30 GMT. Among , the data which will be released is the unemployment rate. The data is very critical for the direction of the USD for the coming period. My technical analysis for GBPUSD , EURUSD says the data will not be in favor for the USD. IT says the market will be terribly bearish for the USD and we might see a huge rally in eur/usd today and next week , possibly targeting 1.20 level again. Keep following for updates and lets see where the markets are going. follow me on twitter for fast updates on the markets and keep checking the blog for trading recommendations. Trading recommendations will be published shortly after the release of the data. My twitter handle is :@b4borio

The Dollar strengthened sharply since the beginning of May as I have already expected . You can follow me on twitter for frequent updates on my trades and recommendations . I see the dollar stalling for the current levels . We have 1.3480$ level which is a very critical support for the pair and I believe we will see a rebound to 1.37 before any retest of that support level again. Also , Eurusd has major support at the famous 1.1860$ and it is expected we might retest 1.20$ floor soon. Usdjpy is still unable to break above bearish trendline and showing strong bearish divergence . So a decline to 107.80 to 108.30¥ is most probably coming this week.

Eur/usd broke below the bullish trendline and is currently retesting it and it will of course go down again to break the recent low at 1.2385$ The target should be around 1.2260-1.2300$ area ..

$DGB is bound by a bearish trend line and supported by a bullish trend line as well. Lets see which one will win. it will be the bullish anyway and it should this month , we should break out in either direction and it is gonna be aggressive. Really aggressive , probably our first resistance will be 22 cents followed by 35 cents. Last target is 54 cents.

Ripple (XRP) is currently consolidating against USD before breaking out within the coming 48 hours. Next resistance lies at 1.25$ while next support lies at 1.120$. Ripple is currently trading at support and you can buy with tight exit with target around 2.30$ , first profit taking around 1.84$ if we break out of the wedge to the upside.