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NFP Technical Setup Alert
The NFP chart is currently painting an interesting technical picture on the daily timeframe. A classic falling wedge pattern has formed, and here's what matters—the breakout has already occurred, with a retest of the breakout level already completed ✓
This setup typically precedes a significant directional move. Based on the current structure and momentum building, we're watching for an energetic rally to unfold in the coming period.
Price targets in this move are pointing toward the 0.0550 level. That's where the resistance cluster sits, and it's become the key area traders are eyeing right now.
The daily timeframe confirmation makes this pattern particularly relevant. Watch the volume action around support—if buying pressure continues, the next leg up becomes increasingly likely.