Ahead of the FOMC minutes the initial USD weakness was reversed. EUR/USD is trading at session lows of 1.1240 following the better than expected release of jobless claims. Despite the disappointing NFP, the data showed that less people claimed unemployment benefits in the US. BoE and ECB Minutes did not provide further optimism for the EUR and GBP Bulls so both pairs are trading at session lows.

GOLD dropped from 2 week high after Chinese investors decided to take profit with their return to the market after a week long holiday. Gold has benefited this week from expectations the Fed may delay its interest rate increase until next year but FOMC Minutes later tonight might reverse the drop.

While many analysts believe the Fed would delay its liftoff decision to March next year, others still see a chance there could be a rate increase in December.
Trading quote of the day: All trading results are insignificant unless it is your last.

EURUSD
Pivot: 1.123
Likely scenario: Long positions above 1.123 with targets @ 1.132 & 1.135 in extension.
Alternative scenario: Below 1.123 look for further downside with 1.12 & 1.117 as targets.
Comment: The RSI is mixed to bullish.

GBPUSD
Pivot: 1.528
Likely scenario: Long positions above 1.528 with targets @ 1.534 & 1.537 in extension.
Alternative scenario: Below 1.528 look for further downside with 1.525 & 1.521 as targets.
Comment: The RSI lacks downward momentum.

AUDUSD
Pivot: 0.715
Likely scenario: Long positions above 0.715 with targets @ 0.7235 & 0.728 in extension.
Alternative scenario: Below 0.715 look for further downside with 0.711 & 0.707 as targets.
Comment: The RSI is well directed.

USDJPY
Pivot: 120.1
Likely scenario: Short positions below 120.1 with targets @ 119.45 & 119.2 in extension.

Alternative scenario: Above 120.1 look for further upside with 120.35 & 120.6 as targets.

Comment: The RSI is badly directed.