A look at the technicals for the major currency pairs
What are the technicals saying?
The USDJPY dipped to test the rising 100 hour MA (blue line) and bounced. The high stalled ahead of the underside of the broken trend line. The price trades between those technical levels. Holding above the 100 hour MA and then the swing area at 109.675 to 109.723 keeps the buyers in control. The swing area was a ceiling for the USDJPY going back to December 2.
The GBPUSD is back above the 100 hour MA at 1.30246 and trying (again) to extend higher. If this is the one (it was failed a number of times today), the 38.2% at 1.30522, the 200 hour MA at 1.30693 and the 50%/topside trend line at 1.30827 area are targets.