Data on employment in the USA

Data on employment in the US by ADP surpassed analysts’ expectations. According to published data, the change in the number of nonagricultural sector by ADP in October was 235K, while analysts had expected growth at 200K. This change in employment is positive factor for the US economy as a whole, which supports the US currency.

Technical analysis: Based on this statistics, the pair USD/JPY updated the session’s high to 114.19. The growth of the US dollar is quite restrained in anticipation of today’s results of the November meeting of the Fed. One should consider the main resistance levels at the marks 114.43; 115.00; support levels at the marks 113.65; 113.30.

Fig. Current price USD/JPY – 114.19

Alexander Sivtsov