We are seeing a lot of pressure on the USD this week as we approach Friday's NFP. We have had some good employment numbers in Q4 2015, but economists believe that January saw a slower growth in jobs. Forecasts average 189K. (tradingeconomics)Now, the market is putting on USD weakness across the board from USD/JPY despite the BoJ recently going to negative interest rates to the GBP/USD despite the softness in the pound after the dovish BoE meeting. USD/JPY Daily Chart 2/4 GBP/USD Daily Chart 2/4 Recent CB Events: I point out these two because they the BoJ and the BoE were the most recent central banks to sound dovish. Therefore, IF the NFP turns out to be a pleasant surprise above 200K for example, I think there's a good chance for the USD/JPY to hold above the 115.50-116 support for at least a short-term bounce, and the GBP/USD to continue falling.Targets: For the USD/JPY, which to me is neutral-bearish, the bullish outlook should be limited to 120. For GBP/USD, because of a long-term common support around 1.40, we should limit the bearish outlook to that level. The market did fall to 1.35 after the financial crisis of 2008, but we can't always expect the market to extend to the extremes.