Morning Insights 2nd July

Simon Alagbe

Analyst


Instrument: USDJPY

 The data released by the Department of Labor showed that the number of individuals who filed for unemployment insurance for the first time fell more than expected, lending further strength to the Greenback.  


Technicals: 

The pair is flattening out around a resistance region on the H4 and H1 region suggesting a move to the downside with a target at 111.307 and stop-loss at 111.684. 


Fundamentals 

Average Hourly Earnings m/m (USD)  1:30 PM

Non-Farm Employment Change (USD) 1:30 PM

Unemployment Rate (USD) 1:30 PM

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