USDJPY moves back toward close from yesterday
The dollar is breaking to the upside, led by the EURUSD which is falling to new session lows.
The price of the EURUSD fell below the 1.2153 low extreme (low from March 1) and scootedd to a low to a low of 1.2114 so far.
The USDJPY is moving higher (at a slower pace). It fell below a trend line in the European session , but remains above it's 100 day MA at 108.906. The close from yesterday at 109.40 is a target. The high reached 109.458 yesterday.
For the GBPUSD, the price has moved back below its 100 hour MA at 1.3965 (close risk now). The high today, stalled near the high from yesterday.
The low today in the pair, stalled at 1.38938. The 100 day MA is getting closer but is down at 1.3862.
Support targets come at the underside of the broken trend line at 1.3940 and then 1.39167 area. The price moved below that floor (see blue circles) but failed. The low did reach to 1.38938 before the failure, and will be a target as well on more weakness.
