| The dollar advanced against major currencies Friday after better-than-expected U.S. jobs growth suggested the Fed might delay rate cuts. Here's where key markets stand heading into next week. USD: Strong Data Reverses PositioningThe dollar rose across the board after employers added 139,000 jobs in May, exceeding the 130,000 forecast despite slowing from April's 147,000. This stronger-than-expected data is causing markets to reverse some stretched short dollar positioning. The dollar gained 0.95% to 144.87 against the yen and 0.26% against the Swiss franc, heading for a second straight weekly gain against both safe-haven currencies. The dollar index rose 0.53% to 99.20, though still tracking for a weekly loss. "Every bank is forecasting a weaker dollar, which I think is probably the right call long-term. But now you have this stretched positioning and suddenly reversing everything since you have stronger jobs numbers," notes Eugene Epstein at Moneycorp. "Good news is bad news because the 10-year yields went up so rate cuts are not going to come." Despite recent gains, the dollar remains down about 8-9% year-to-date against both the yen and franc. EUR: Hitting Resistance at 1.1500The euro fell 0.43% to $1.1395 after the jobs data, giving back some of Thursday's gains when it hit a six-week high of $1.14950. The EURO tried making a push upside last week but failed to break above the 1.1500 level. Traders will watch whether this level becomes a resistance point, with potential downside targeting 1.12500 if selling pressure continues. Despite Friday's pullback, the euro is still headed for a weekly gain and remains up about 10% year-to-date against the dollar. ECB President Lagarde's comments Thursday that the central bank was nearing the end of its easing cycle initially supported the euro, but the stronger U.S. data shifted focus back to Fed policy divergence. GBPUSD: Testing Key SupportThe pound lost strength against the dollar after hitting resistance at 1.3600. The possibility of price trading back to 1.3400 is evident and will depend on data and geopolitical developments next week. Sterling's retreat from the 1.36 level suggests this resistance remains formidable, with traders now watching how well the currency can defend the 1.34 support zone. JPY: Dollar Strength PersistsThe dollar's 0.95% gain to 144.87 yen represents continued strength in this pair, marking a second straight weekly advance for the greenback. Despite recent volatility, the fundamental divergence between Fed and BOJ policies continues to support dollar-yen upside momentum. GBPJPY: Breaking HigherThe pound-yen successfully traded to the upside through the week, resting at 196 to end the session. Traders should look for possible higher levels targeting 198 in the coming week as this cross benefits from both pound resilience and yen weakness. GOLD: Testing Lower SupportGold showed weakness this week, trading below the $3,350 mark that traders had tried to hold. Another possibility of bullish intervention rests around the $3,250 level, which could provide the next key support test for the precious metal. The stronger dollar and rising yields following the jobs data are creating headwinds for the non-yielding metal. BITCOIN: Eyeing $110,000Bitcoin held within the $101,000-$102,000 support level before rallying 4.21% to $104,739 on Friday. Traders expect continued upside momentum, with some targeting $110,000 in the coming days as crypto markets benefit from renewed risk appetite. Ethereum also gained 4.17% to $2,499, suggesting broader strength across digital assets. Week Ahead: Data DependenciesNext week's focus will be on whether the U.S. economic momentum continues and how other central banks respond to the evolving Fed outlook. Geopolitical developments, particularly any progress in U.S.-China talks following the Xi-Trump call, could also influence currency direction. The reversal in dollar positioning suggests we may be entering a new phase where good U.S. data supports the currency rather than weighing on it through rate cut expectations. Want to catch explosive trades right at the open? I use the Morning Power Hour Indicator to spot high-momentum setups at exactly 9:30 AM—think TSLA, AAPL, NVDA and more. It’s fast, clean, and insanely effective. And there’s a 48-hour 50% OFF FLASH SALE live right now—jump in before it’s gone. CLICK HERE TO GAIN ACCESS Regards, FindBetterTrades | 
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