Cable undoes all the good work while the euro heads to 1.10
I can't say I'm surprised in the moves as we've got the big risk event and end of month to contend with. That's been a powerful enough concoction to see traders taking profits in GBPUSD ahead of the FOMC
We've been down to 1.5615 from the highs at 1.5690 pretty swiftly and into the band of support from whence we started the day
GBPUSD 15m chart
USDJPY has taken itself through resistance at 123.75/80 and into the 55 H4 ma at 123.85. 124.00 will hold more followed by 124.10/15
I'll be getting some levels to watch over the FOMC shortly
