The NFP report was last Friday main event. After a growth for 2012 thousand in November, the December NFP figure was expected to reach 200 thousand. However the release came in at the level 292 thousand. The labor market state is one of the key benchmarks for the Fed in determining the monetary policy course.
The first support resides at 117.00, the next is at 116.20. The first resistance stands at 117.80, the next one is at 118.40.
The indicator shows a strong sell signal. The price is under the Cloud and in under the Chincou-span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is below the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
The downward movement will be continued. The pair may go to 117.00 and 116.20 soon.