EURUSD, GBPUSD, USDJPY. You pick the currency.
Lower trend lines in the EURUSD, GBPUSD, and USDJPY are being broken as traders in London/Europe head toward their finish line. Since all are going the same way, the EURJPY and GBPJPY are also turning lower.
EURUSD
The EURUSD trend line on the hourly chart cuts across at 1.1066. The pair had three tests of the line before moving lower in the current hour. The next target is the low for the day at the 1.1055 level. The low on this move stalled at 1.1058 so far
GBPUSD
The GBPUSD has moved below it's trend line currently at the 1.2942 level. Today the price of the GBPUSD corrected above the 1.3000 level, but has been pushing lower after the EURGBP turned around. The pair closed at 1.2928 yesterday. A move below that level should solicit more selling.
USDJPY
The USDJPY is also breaking below a lower trend line at 100.80 after trying to stay above in the last hour. The low for the day in that pair comes in at 100.61 and would be the next target on the downside.
