The USD flips from bearish to more bullish. What are the charts now saying technically?

<p>The US jobs data was initially interpreted as strong. However, after reevaluation things like the revisions, a quirky tumble in the participation rate and data from the household survey painted a more sanguined vision and the USD moved back lower. </p><p>Later the ISM services data came in much weaker than expectations and the "fast break the other way" – to a lower dollar – was underway. Yields in the US went lower. Stocks moved higher. </p><p>Technically, the moves also shifted the bias in the 3 major currencies from dollar bullish immediately after the job report, to more bearish immediately after the ISM data..</p><p>In this video, I take a technical look at the EURUSD, USDJPY and GBPUSD and outline the bias shift, the risk, and the new targets as market sentiment shifts. </p>

This article was written by Greg Michalowski at www.forexlive.com.