as we all know it the USD has been awful for a while now…but i noticed something yesterday when the nonfarm enrolment detail was released about 2:15pm GMT+1 and the data was below forecast and i was hoping to sell the usdjpy pair…but first i wanted to see how the pair will react cos it was closed a resistance zone based on my analysis…boom the pair broke the zone and kept heading upward till it reached another zone…and it didn’t only affect the yen even Euro,sterling, even gold where losing momentum against the greenback…though i finally got a chance to sell the usdjpy pair and my Tp was hit…so basically why did the greenback response so positively to the negative data release?
Interesting observation. I would also like to know the reason behind it.
Hey Helsinki, it’s great you didn’t get to lose any money as would have been the case in the usual scenario. The news however caught my attention too and I have been trying to figure out the reason behind this. Do share if you find a reasonable justification for the change.