The baby is tossing and turning but has not woken yet....
The EURUSD has been up and down between the 38.2-50% of the days range above and the 100 day MA below. The max range is 45 pips for NY. The range for the day is about 100 pips. We have touched or gone below the 100 day MA on 6 separate occasions. In the consolidation the 100 bar MA on the 5 minute chart (at 1.10427 currently) has come lower and is trying to put a lid on the topside now. Can we get and stay below the 100 day MA at the 1.10277 level?
GBPUSD
The GBPUSD has had a similar time of it. It is up on the day but has it's own up and down action. The pair has tried to peak below the midpoint of the move up from yesterday's low at the 1.53746 level, but each attempt (there have been 2) has failed. Moving below the 1.53746 level should solicit more selling.
USDJPY
The USDJPY is starting to toss and turn a bit more. I has just moved below a floor and also the 200 bar MA on the 5 minute chart ( green line in the chart below). This should solicit more selling. However, in the last few hour or so the market has explore below the level and each time failed. So the current break needs to find more aggressive sellers to push the price lower.
