USD/JPY has Formed 61.8 Fib Confluence Prior to the NFP Report

Analyst, Full-Time Trader • Apr 2, 2021 at 6:01 AM EDT

The USD/JPY has formed a confluence zone exactly at 61.8 fib. However, today is Good Friday and banks are offline.

We could see a very slow market before the NFP as banks are offline due to the Easter holidays. The volatility could be slightly higher during and after the NFP so the USD/JPY and Gold will be affected. Pay attention to either bounce or a breakout above/below the trendline. Targets are 110.90 to the upside and 110.19 to the downside, depending on the NFP result.

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