Some selling as London exits
EURUSD
The EURUSD somewhat randomly stopped the fall between support at the 1.0688 level and the breaking of the 61.8% at 1.0725. The price has since moved back above the 1.0725 level and corrected down to the level - finding buyers (low correction came in at 1.07227). The 100 bar MA (blue line) will now be eyed.
USDJPY
The USDJPY was under pressure earlier today as stocks were a concern. As stocks rebounded, so did the USDJPY. The 200 bar MA stopped that rally (green line in the chart below) and now the pair is back down near lows for the day. Traders may be eyeing the 109.00 level as close resistance now. Much will depend on the stocks though.
GBPUSD
I have readjusted the lower parallel trend line below (the old is the dashed line). This line is off what is a pretty solid upper line. In any case, either one shows buyers sniffing on dips. The new one has traders leaning against the line. The price is off the low at 1.4637. The GBPUSD sits above the trend line after breaking lower and failing (at least for now). The low from yesterday was 1.4662. That is where the price is currently trading.
Looking at the 5-minute chart, the 100 bar MA is approaching.
