
businessSep 2, 202612:57pending
EUR/USD and Cable Hover Near Support; USD/JPY Near Resistance
About this episode
The episode covers EUR/USD, GBP/USD, and USD/JPY. EUR/USD closed at one fifteen seventy-three, down zero point zero zero two or zero point one seven percent; GBP/USD closed at one thirty-four eighty-six, down zero point zero zero two nine or zero point two one percent; USD/JPY closed at one fifty-nine eighty-nine, down zero point two eight or zero point one seven percent. 📉💱
EUR/USD stands out as the pair most clearly pressing a recent boundary, hovering just above the five-session range low at one fifteen sixty-seven while sitting down zero point six eight percent over the last five sessions and below the two-hundred-day average at one point one six three zero three.
The most pivotal setup is EUR/USD at one fifteen sixty-seven, with price above the level and the market watching the US ISM Services PMI on Thursday at ten in the morning Eastern Time, then the US Employment Situation for August on Friday at eight thirty in the morning Eastern Time.
What remains unresolved is whether one fifteen sixty-seven, one thirty-four seventy-seven, or one sixty thirty-nine gives way, and whether the US Employment Situation for August on Friday at eight thirty in the morning Eastern Time changes the direction. The Money Mosaic examines where support and resistance stand, how the next releases may pressure those levels, and whether the recent ranges survive.
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