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Last Updated Date: 2 July 2021 @ 5:52 AM (UTC)
*Please note that all the dates are in GMT time zone

The U.S. dollar was perched at a 15-month high on the yen and at multi-month peaks against other majors on Friday, as traders wagered strong U.S. labour data could lift it even further.

The jobs report is due at 1230 GMT and is forecast to show a solid rise of 700,000. But there is chatter about the number being even higher and of that upsetting an assumption that U.S. interest rates can stay at rock-bottom levels for years.

Overall the market is bearish with a downside breakout likely sending trade to attack a 1.1800 monthly low, when broken ⇒ 1.1761 - 1.1718. Current corrective rebounds trapped by 1.1870 will maintain bear forces. A close over 1.1934 (SAR) confirms the start of a reversing upturn.

Resistance 2       1.1890
Resistance 1       1.1870

Support 1            1.1831
Support 2            1.1800


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