A soft batch of data sinks the dollar but it quickly bounces back
I was looking for a sign that the data would make a difference to price action, in terms of the Fed, and it looks like it hasn't.
USDJPY fell down to the nearest support level around 114.75/80 and bounced straight back.
USDJPY 15m chart
We're back to square one here and I get the feeling the market is still making up its mind as it digests the data.
In EURSD we're testing the intraday resistance in the 1.0700/05 area. GBPUSD is still walking the day's support but bounces aren't looking strong.
