FX.co ★ Friday Market Review: NFP Day, Gold Bounce & Massive USD/JPY

In today’s market review for February 6th, we prepare for the key event of the week—US Non-Farm Payrolls. The market is already active: Asian traders bought the dip perfectly in Gold (XAU/USD) and EUR/USD, potentially starting a new bullish "Third Wave."

We analyze the precision of our technical levels: the short squeeze in Euro, the successful short setup in USD/JPY (targeting 2024-2025 lows), and the 50% retracement in USD/CAD on the daily chart. We also discuss Bitcoin finding support in the long breakdown zone and Oil stuck in a flat awaiting geopolitical news on Iran.

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