Fed starts balance sheet reduction. USDJPY moves to new session highs
The dollar has moved a bit higher after the Fed signaled that they still see one more hike in 2017 and 3 in 2018
The USDJPY is trading at 111.80 AN looks to test the high from yesterday at 111.875. A move above would look toward the 100 day MA at 112.176.
The EURUSD has moved lower and tests its 100 and 200 hour MA and 50% retracement key target at 1.1960 area. A move below turns the bias more bearish (dollar bullish).
We are see a break now. Bias more bearish for the pair now.
The GBPUSD has moved back below the 1.3532 and is testing the 100 hour MA and trend line on the hourly chart. Key test for that pair.
