GBPJPY

The GY continued to move lower last week, heading for last low at 139.00. As price trade & closed below 143.80, downside bias remains for test of 139.00 support, also, we might see the current price is holding up by fibo 50%. A break of fibo 50%, then 139.00 here we come. If a break of 139.00 is achieved, we can prepare for next target 135.80 which is the 62% fibo.

On the upside, if we can see price trade back to 146.60, a renewed selling should emerge and bring another wave of decline. That is the level, I will looking to sell again.

AUD increase interest rate

Buy the rumor sell the news? The Australian dollar is sharply higher again yesterday against the USD. Traders jump all over the expectation (rumor) that Australia's central bank is going to hike interest rates by 25 basis points when they meet today. That will put the AUD interest rate at 3.25%, towering over the rest of the major currency. This clearly show that Australia's economy seems to be growing faster than its major competitors too

NFP Tonight at 8:30pm

Percentage of total work force that is unemployed and actively seeking employment during the previous month.

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions.

If you have any position open and already in the money, you might want to consider taking profit before the new release at 8:30pm tonight.
If you have open position which is in the red, you can closed it or leave it open to see if your position can get swing back to positive, but most likely you will get taken out before you have any chance to swing back due to the big spread .....