GBPUSD erased all the losses following the soft NFP report. What's next? Fundamental Overview The USD sold off across the board on Friday following another soft NFP report. The dovish bets on the Fed increased as a result and the market is now expecting three rate cuts by year-end (70 bps). Moreover, we have also an 8% probability of a 50 bps cut in September but that will likely happen only if we get a soft CPI report on Thursday. In that case, the greenback will likely weaken further into the FOMC meeting. Overall, if one zooms out, the US dollar continues to range although the dovish bets on the Fed keep weighing on the currency. Part of that could be the fact that the bearish positioning on the dollar could be overstretched and we might be at the peak of the dovish pricing. In fact, if the Fed cuts trigger stronger economic activity in the next months, the rate cuts in 2026 could be priced out and support the dollar. Nevertheless, the trend is still skewed to the downside, and we might need strong data to reverse it. On the GBP side, nothing has changed fundamentally. The BoE delivered a hawkish cut at the last meeting and since then the data has been coming on the hotter side. In fact, the latest UK CPI surprised once again to the upside and the latest Flash PMIs, although mixed, showed strength and persistent inflationary pressures. Last week, we got a selloff in the pound across the board as the UK 30yr yield jumped to a new cycle high. That was eventually erased in the following days and especially after the soft NFP report. GBPUSD Technical Analysis – Daily Timeframe On the daily chart, we can see that GBPUSD sold off all the way back to the key 1.3368 support after the UK 30yr yields jumped to a new cycle high but eventually bounced off of the support. The price is now back near the 1.3590 resistance. If the price gets there, the sellers will likely step in with a defined risk above the resistance to position for a drop back into the 1.3368 support. The buyers, on the other hand, will look for a break higher to increase the bullish bets into the 1.3790 level next. GBPUSD Technical Analysis – 4 hour Timeframe On the 4 hour chart, we can see that we have an upward trendline defining the bullish momentum. The buyers will likely continue to lean on the trendline with a defined risk below it to keep pushing into new highs. The sellers, on the other hand, will look for a break lower to position for a drop into the 1.3368 support next. GBPUSD Technical Analysis – 1 hour Timeframe On the 1 hour chart, there’s not much else we can add here as the buyers will look for a bounce around the trendline, while the sellers will look for a break. The red lines define the average daily range for today. Upcoming Catalysts On Wednesday we get the US PPI report. On Thursday, we get the US CPI report and the latest US Jobless Claims figures. On Friday, we conclude the week with the UK GDP and the University of Michigan Consumer Sentiment report. This article was written by Giuseppe Dellamotta at investinglive.com.

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Bitcoin Technical Analysis – All eyes on the NFP report now Fundamental Overview Bitcoin rallied strongly on Friday as Fed Chair Powell tilted more dovish. Traders firmed up expectations for a rate cut in September which now stands around 84% probability with a total of 54 bps of easing by year-end. The gains started to fade the following day though and the price continued to fall for several days. There was no clear catalyst for the selloff, so it might be technically driven. Nonetheless, the focus has now shifted to the US NFP report next week which is going to be crucial and will influence greatly interest rates expectations. Strong data might take the probability for a September cut towards a 50/50 chance but will certainly see a more hawkish repricing further down the curve which could weigh on bitcoin in the short-term. Soft data, on the other hand, will likely see traders increasing the dovish bets with a third cut by year-end being priced in and likely support the cryptocurrency. Bitcoin Technical Analysis – Daily Timeframe On the daily chart, we can see that Bitcoin is trading below the key support level at 111,900. The sellers will likely continue to pile in around these levels with a defined risk above the 111,900 level to position for a drop into the 100,000 level. The buyers, on the other hand, will want to see the price rising back above the 111,900 level to pile in for a rally into the 123,000 level next. Bitcoin Technical Analysis – 4 hour Timeframe On the 4 hour chart, we can see that we have a downward trendline defining the bearish momentum. The sellers will likely continue to lean on the trendline to keep pushing into new lows, while the buyers will look for a break higher to increase the bullish bets into a new all-time high. Bitcoin Technical Analysis – 1 hour Timeframe On the 1 hour chart, we can see that we have a minor upward trendline defining the bullish momentum on this timeframe. The buyers will likely lean on the trendline to keep targeting new highs, while the sellers will look for a break lower to extend the selloff into new lows. The red lines define the average daily range for today. Upcoming Catalysts Tomorrow we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US PCE price index. This article was written by Giuseppe Dellamotta at investinglive.com.

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USDJPY Technical Analysis – All eyes on the US NFP report Fundamental Overview The USD extended the gains further in the past days following strong US data and a slightly more hawkish Fed Chair Powell. The US ADP and Q2 GDP surprised both to the upside and Fed Chair Powell didn’t open the door for a cut in September as was expected but dodged the questions by saying that they would look at the totality of the data. This has caused a hawkish repricing in interest rates expectations with the market now seeing 35 bps of easing by year-end compared to 47 bps before the data and Powell’s speech. The focus today will be on the US NFP report. Fed Chair Powell mentioned that they are focused on the unemployment rate, so that’s going to be the one to watch. On the JPY side, the BoJ left interest rates unchanged and revised inflation forecasts higher as expected. The yen didn’t move much on the decision but was then sold across the board as Governor Ueda downplayed inflation risks and didn’t sound concerned about the exchange rate at all. For more JPY appreciation we will likely need weak US data to increase the dovish bets on the Fed or higher inflation figures for Japan to price in more rate hikes than currently expected. Other potential positive driver could be signs of more fiscal support as that will likely put upward pressure on inflation. USDJPY Technical Analysis – Daily Timeframe On the daily chart, we can see that USDJPY eventually broke through the key resistance zone around the 148.30 level and extended the gains into the 151.00 handle. The sellers will likely step in around these levels with a defined risk above the 151.20 swing point to position for a pullback into the 148.30 level. The buyers, on the other hand, will look for a break higher to increase the bullish bets into the 155.00 handle next. USDJPY Technical Analysis – 4 hour Timeframe On the 4 hour chart, we can see that we have an upward trendline defining the bullish momentum. If we get a pullback into the trendline, we can expect the buyers to lean on it to position for a rally into new highs. The sellers, on the other hand, will look for a break lower to increase the bearish bets into the 142.35 level next. USDJPY Technical Analysis – 1 hour Timeframe On the 1 hour chart, we can see that we have another minor upward trendline defining the bullish momentum on this timeframe. The buyers will likely continue to lean on the trendline with a defined risk below it to keep pushing into new highs. The sellers, on the other hand, will look for a break lower to extend the pullback into the next trendline. The red lines define the average daily range for today. Upcoming Catalysts Today we conclude the week with the US NFP report and the US ISM Manufacturing PMI. Watch the video below This article was written by Giuseppe Dellamotta at investinglive.com.

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This #Bitcoin #BTC print is show recent back & forth on the sentiment the last couple of days. Indecision like this is normal given that the major #NFPreport is coming out on tomorrow around 7:30AM CST.

U.S. markets plunged as Trump’s tariffs sparked recession fears, hitting the S&P 500, Dow, and Nasdaq. The dollar weakened, and even gold retreated. Investors await Fed Chair Powell’s speech and the jobs report for policy clarity amid high volatility. #StockMarketCrash #NFPReport #RecessionFears

The next NFP report is happening tomorrow and could shake up the markets. Get ready for potential trading opportunities with EURUSD likely to see volatility.

How will you trade the EURUSD?
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