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After 300 pip decline since the beginning of the week, the pair finally made some pause. It was all about China again overnight and the pair responded with an almost 100 pip rally after the PBOC held the yuan reference rate near yesterday's level.
It's not the end of the day and the week yet with U.S. labour market report coming up at 13:30 GMT. Expectations are for about 200K new jobs added in December, which tends to be a volatile month regarding this matter.
A strong number shall see the pair rally, perhaps to 119.00 - 119.30, while a weak number may lead to a retest of yesterday lows 117.25 - 117.50.
It's not the end of the day and the week yet with U.S. labour market report coming up at 13:30 GMT. Expectations are for about 200K new jobs added in December, which tends to be a volatile month regarding this matter.
A strong number shall see the pair rally, perhaps to 119.00 - 119.30, while a weak number may lead to a retest of yesterday lows 117.25 - 117.50.
