The US employment data came out overall on the better side of expectations. True, the non-farm payroll figure at 193,000 was slightly lower than expected, but as we intimated, it was the upward revisions to the December statistic to 140,000 from 108,000 and November to 354,000 from 305,000 that energized the Forex markets and set up trading opportunities. The overall unemployment figure shrank unexpectedly to 4.7% from 4.9%, the lowest since July 2001.
The month on month average earnings statistic showed a slightly higher 0.4% rise. The overall effect was to initially soften the dollar against the major currencies. The volatility created by the previous months data revisions meant that we have seen both sides on our Swiss Franc/Dollar levels. Other technical forex trading levels that have been hit:

GBP/USD Buy level at 1.7670
USD/JPY Sell level at 119.20.

Nothing done at the technical levels we picked out in the Euro/US Dollar so far. Forex traders remain slightly US Dollar positive, trading from the long side. Watch out for thin Friday markets and position squaring ahead of the weekend, and of course the US statistics out at 15.00 GMT.