Important events today:

13:30 UTC – US: labor market.

The decline of quotations to the nearest support levels is advisable to use for buying. Today the U.S. may publish positive statistics on non-farm employment (Non-Farm), which will have a favorable impact on the growth of the currency pair quotes. According to the last ISM release – manufacturing employment contracted but services sector employment increased sharply as many industries are scaling up and need to employ more people.

The debt market dynamics is also in favor of continuation of the uptrend – the spread between the US and Japanese government bond yields has grown considerably this week, which will force traders to use corrections in this currency pair to open Buy positions.

Recommendations: Buy 136.20/135.60 and TP 137.20.