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Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?

FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike

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FxWirePro:EUR/NZD maintains bullish bias with focus on 1.8100 level

Friday, April 5, 2024 11:37 PM UTC

• EUR/NZD steadied around 1.8012 on Friday as Euro continued to maintained positive momentum against kiwi dollar after US jobs data.

• Nonfarm payrolls increased by 303,000 jobs last month, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday.

• Economists polled had forecast 200,000 jobs, with estimates ranging from 150,000 to 250,000.

• From a technical viewpoint, RSI is strongly bullish at 60, daily momentum studies, 5, 9 and 11 are trending up.

• Immediate resistance is located at 1.8043(23.6%fib), any close above will push the pair towards 1.8086 (April 3rd high).

• Immediate support is seen at 1.7970 (Daily low) and break below could take the pair towards 1.7927 (38.2%fib).

Recommendation: Good to buy around 1.8000, with stop loss of 1.7900 and target price of 1.8100

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FxWirePro:EUR/NZD maintains bullish bias with focus on 1.8100 level

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