It looks like someone found a pulse in the dollar
GBPUSD edging back down and through the Carney inspired lows to 1.2526. The next support level to watch is at 1.2510/15.
GBPUSD H4 chart
Should we move through there and 1.2500, there some minor support at 1.2480/85, 1.2470/75 (including the 100 dma), 1.2550/55 and then we're looking at the 55 dma at 1.2421.
The buck is showing some signs of life as USDJPY pushes up above what's become an intraday S&R point at 112.50. Is support hold there, then we can expect a push higher. Look for resistance around 112.85/90 before we test 113.00.
EURUSD is feeling the heat too as it ducks under 1.0800 to 1.0794. Once again, we've failed to break through the 1.0800/30 area with any meaningful move, and that might lead to some additional profit taking.
