Dollar a little bit weaker now....
The forex market has slowed a bit.
EURUSD
The EURUSD held support against the 100 hour MA at the 1.1162 area. The price moved up modestly off of that low but not by much. On a break of the 100 hour MA, there is other support targets against the 1.1154-59 area. That area represents a low floor area from trading on Friday and again on Monday.
GBPUSD
The GBPUSD took out the days low at 1.32864 (low reached 1.3278). That move was short lived, however, and the price has moved back up toward the midpoint of the day at the 1.33245 level (currently trading at 1.3327). This pair has traders positioning for the BOE decision tomorrow and sits between the 1.3407 level above (200 bar MA on the 4-hour chart) and the 1.32076 levels which represent the 100 bar MA on the 4-hour chart (it is moving higher). Breaks of those levels will drive the next trend move potential tomorrow. Other key support for the GBPUSD comes between 1.30467 and 1.30743. For traders looking for a dip on a cut tomorrow, this would be a risk defining level to await. .
USDJPY
The USDJPY spiked higher earlier in the day after the pair held intraday support at the 100 bar MA on the 5 minute chart and broke above the prior highs. The buying took the price to a high at 101.57 but sellers reentered to push the price back below the prior high levels ON the 5-minute chart the price remains above the 100 and 200 bar MAs (at 101.159 and 101.236). If the price moves below those MAs the bias will be shift more to the bearish side.