Forex analysis market for November 05-09.
EURUSD has started the week on a consolidative fashion and is now prompting to navigate below the 1.1390 handle ahead .
The USD/JPY pair held steady at the start of a new trading week .
USDJPY is supported by stronger than anticipated US monthly jobs report.
Adding to this, the prevalent cautious tone around global equity markets further underpinned the Japanese Yen’s safe-haven appeal and collaborated towards capping the pair near the 113.35-40 supply zone.
The pair has managed to hold above the 113.00 handle .
GBPUSD is struggling to maintain buillish momentum over the critical 61.8% Fibo retracement level.
Daily SMA20: 1.300
Daily SMA50: 1.3015
Daily SMA100: 1.3030
Daily SMA200: 1.3440