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- Yen gains traction but traders remain cautious ahead of US labor report
- Oil price tumbles on fading risk sentiment
- Violation of psychological 1.07 support signals bearish continuation
- Near-term directionless mode extends
- Bulls started to lose traction on strongly overbought studies / weaker dollar
- Near-term action looks for clearer direction signal as daily studies are mixed
- Larger bears to remain intact while key 1.0800 resistance zone caps recovery
- US dollar index – bulls are pausing after strong rally in past four days
- Oil is consolidating after strong fall on Thursday, near-term bias remains with bears
- Turkish lira cracks psychological 20 support and hits new record low against dollar