The monthly Non-Farm Payrolls makes the markets go crazy. Even in this madness, some swing patterns can be identified and handled. While most currencies can swing back and forth, GBP/USD might fall and not come back. 1. But the rumor, sell the fact: This known traders’ saying also works in the forex markets. In some cases, specific expectations cause serious price action before the Non-Farm Payrolls release. The dollar can weaken significantly before the release, and then regain all the losses upon the release. This doesn’t have to be correlated with the real results. 2. Wrong knee jerk reaction: In other cases, the markets go in the wrong direction. Last month, on September 3rd, the dollar made serious gains against the Euro, only to lose these gains in a matter of two hours. Kathy Lien states : Seven out of the last eight times non-farm payrolls were released, the knee jerk reaction was quickly erased. Even though the direction associated with these instances has not always been the same, we can see that the immediate reaction is usually not sustained, and eventually reversed into a more substantial move that lasted for the course of the trading day. One currency to note is the British Pound. It has lost a lot in the past few weeks, and it’s in a very dangerous spot. A knee-jerk reaction can send GBP/USD under the recent low of 1.5767. While other currencies can make the U-turn and get back up, I’m not sure the Pound can make it. Non-Farm Payrolls can ride on the weakness and push it below the bottom. I sure might be wrong, and the Pound could swing up to a comeback. But I’ve always been Pound-bearish… The NFP is always fascinating to watch. I’ll closely follow the British Pound this time. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next NewsDataReport.com – Speaking the News Out Yohay Elam 13 years The monthly Non-Farm Payrolls makes the markets go crazy. Even in this madness, some swing patterns can be identified and handled. While most currencies can swing back and forth, GBP/USD might fall and not come back. 1. But the rumor, sell the fact: This known traders' saying also works in the forex markets. In some cases, specific expectations cause serious price action before the Non-Farm Payrolls release. The dollar can weaken significantly before the release, and then regain all the losses upon the release. This doesn't have to be correlated with the real results. 2. Wrong knee jerk reaction: In… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.