$NFP is sitting in a classic compression zone right now.

Price has been grinding lower, but the sell pressure is clearly slowing down. You can see long lower wicks forming near the same support area, which usually means buyers are defending this level.

Structure-wise, this looks more like a descending channel turning into a base rather than a full breakdown.

As long as price holds above the 0.0233–0.0235 zone, I expect a bounce attempt.

First area to reclaim is around 0.0244–0.0248.

If that flips into support, a move toward 0.0255+ becomes realistic.

This is the kind of chart where patience pays.

Not chasing, but slowly positioning while fear is still in the air.

I’m watching this one closely.

NFP

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