Summary: Post-NFP market trends: US Dollar holds firm on strong jobs data. Analysis of EURUSD, XAUUSD, GBPJPY, and BTCUSD with key levels and directional bias for today's session.




Market Context: Dollar Dominance Post-NFP

The US Dollar Index (DXY) surged above 104.00 following Friday's blockbuster Non-Farm Payrolls report, which showed 339k new jobs added in May—nearly double the forecast [citation:1]. This has fundamentally shifted short-term rate expectations, pressuring major counterparts and commodities. The upcoming US CPI report (Wednesday) looms as the next major catalyst.

1. EURUSD: Breaks Key Support

Current Price: 1.0775
Direction: Bearish / Sell on Rallies
The pair cratered below the psychological 1.0800 handle, hitting a two-month low. The divergence between a resilient US labor market and contracting Eurozone PMIs is widening the monetary policy gap.
  • Resistance: 1.0800 (Broken support), 1.0850

  • Support: 1.0720 (Immediate), 1.0650

  • Strategy: The technical breakdown suggests further downside. Look for corrective rallies towards 1.0800 to initiate short positions, targeting a retest of 1.0720. A close above 1.0850 would invalidate the bearish bias.


    • 2. XAUUSD: Freefall on Hawkish Repricing

    Current Price: $4,327
    Direction: Bearish / Cautious
    Gold suffered its worst session in months, dropping nearly 3% as strong yields and a robust US dollar crushed zero-yield asset demand. The break below the critical $4,400 support confirms a bearish structure [citation:3].
  • Resistance: $4,380 - $4,400 (Key pivot)

  • Support: $4,300 (Psychological), $4,250

  • Strategy: "Sell on rally" remains the dominant theme. However, the RSI on the 4-hour chart is deeply oversold. Aggressive traders may wait for a bounce to $4,380 to short. Bulls should wait for a daily close above $4,400.


    • 3. GBPJPY: Policy Divergence Supports the Cross

    Current Price: 199.20
    Direction: Bullish / Dip-Buying
    The cross remains resilient. While the BoE is expected to hold rates longer due to sticky services inflation, the BoJ maintains a cautious stance, limiting Yen upside despite political uncertainty in Tokyo [citation:2].
  • Resistance: 200.35 (Recent high), 201.00

  • Support: 198.50, 197.80

  • Strategy: The trend favors the upside as long as it holds above 198.50. Look for dip-buying opportunities near 198.80, targeting a retest of the 200.35 peak. A break above that level opens the door for 201.00.


    • 4. BTCUSD: Stabilizing at Support

    Current Price: $67,850
    Direction: Neutral / Cautiously Optimistic
    Bitcoin is consolidating above the $67k area. Despite macro headwinds (higher yields), the crypto market is showing relative strength, with some analysts comparing current accumulation patterns to the 2022 pre-rally phase [citation:7].
  • Resistance: $69,500, $71,200

  • Support: $67,000, $65,500

  • Strategy: Neutral to bullish. Holding above $67,000 is key for bulls. A break above $69,500 would signal a resumption of the uptrend. Failure to hold $67k could lead to a deeper correction towards $65k. Wait for confirmation.


    • Reference:
    Data sourced from Investing.com, Bloomberg Terminal, and FXStreet economic calendars as of June 8, 2026, incorporating post-NFP market closes.