US dollar moving lower into the London 4 PM fixing
As the London 4 PM fixing came and went, the US dollar is stumbling a bit as traders sent the greenback back lower after the run higher over the last few hours.
The GBPUSD is moving back toward the 100 hour MA and the 1.4000 area. The 100 hour MA comes in at 1.3998 currently. Remember the 1.4004 and 1.4011 were swing low going back to April and July 2016 (before the Brexit tumble). That area should be a tough area to get through.
The EURUSD fell below it's 100 hour MA at 1.23858 and 50% at 1.23799. The rally back higher (dollar selling), took the price back above both those levels.
The USDJPY rallied to its 100 hour MA and stalled. That declining MA comes in at 106.673 and will need to be broken (and stay broken) if the buyers are to mount a bigger corrective move higher.
