FX levels to watch: EUR/USD, GBP/USD, USD/JPY

The dollar is on the up again after the US employment report pointed towards stronger wage growth.

EUR/USD testing $1.15 again

Friday’s jobs data knocked EUR/USD back to the $1.15 support level, with a further test of this level this morning.

Fresh declines would target the $1.13 level. A move above $1.1660 is needed to suggest a broader move higher is underway, and even then it needs to clear $1.18, which has limited progress since the end of June.

GBP/USD headed lower once more

Another Brexit-related spike on Friday was swiftly defeated, and the GBP/USD price has headed back to $1.29.

Below this, $1.2773 and then $1.2635 come into play. A close above $1.3040 is needed to create a more bullish impression.

USD/JPY fails to recover ¥112.00

While we did see a recovery on Friday, USD/JPY has yet to move above the important ¥112.00 area.

Only such a move will create a more bullish impression. Further losses would bring the ¥110.50 support area into view, and then down to ¥109.80.

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