US dollar looks like it wants to go higher but is making hard work of it
The bulls aren't letting go just yet. They weren't given many scraps from the Fed, and growth is more of a 'well at least it wasn't crap' affair
We had another look at the highs as the FT's IMF story came out and managed to grab a few more pips above resistance around 124.45/50
USDJPY H4 chart
That gain was fleeting as we've rolled right back down to 124.27
Support isn't looking overly strong but it's noted around 124.20/25, 124.10 and stronger at 124.00
EURUSD is still looking heavy despite recovering from the stop run. As I type we're back below 1.0920, and any support there was around here looks very weak
EURUSD H4 chart
1.0900 will no doubt see support and there's more at 1.0880/85 and 1.0860/65. The key area is still in the low 1.08's around 1.0820/25, and down to 1.08 even
There's some big levels lurking in both pairs and if we want to see a decent move in any direction then these will need to be taken out. 125.00 is key on the upside for USDJPY and that 1.0820 level for EURUSD
