Dollar getting hit against the majors
The EURUSD has pushed further away from the 100 day MA at the 1.1263. The pair is moving above a topside trend line at the 1.1328 currently. The high has reached 1.1342 currently. The 1.1328 is close support. Below that the 1.1306 will be eyed as support. The next targets look toward the 1.1387-1.1400 area. Above that the 1.1430 and 1.1448 area.
The USDJPY has broken below the 200 hour at the 119.46 level. It also fell below the 50% at the 119.49. This is now risk for short. The progression will next target the 119.25 level. The low from April 30 (corrective low) and the 61.8% of the move up from April 30 low, both come in at that area.
The GBPUSD squeezes higher ahead of the election. The 1.5292-1.5300 is the next target. This is the 50 % of the move down from the April 29 point. Earlier today, the price for the pair based against the 100 day MA (see horizontal blue line at the 1.5150 in the chart below).
