Hello Traders,

I am writing our Forex Trading Room review for 6-2-2017. Today was NFP, as as you know we must be extra prudent when trading Forex on this day due to the fast and often large spikes we see in the financial markets. Today during NFP, we traded the USDJPY short, and placed a quick scalp on the EURUSD at its first resistance grabbing +18 pips. On the USDJPY we grabbed +51 pips.

I think we may see the EURUSD slow down at 1.1300, however , I would not plan on going short and holding this one since the momentum is too great to take the bullish side.

Here is a basic chart image to show you the weekly and monthly resistance at 1.1300.

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