US dollar moves higher into the London fixing

The US dollars moving higher into the London fixing. The greenback is trading to new session highs versus the JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term, AUD, and NZD.

• USDJPY: The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term moved to a new high for the day at 137.437. That is just short of the swing low going back to November 28 at 137.485. The swing low from November 30 came in at 137.65. Those levels would be the next upside target fall by the high price from last week at 137.850. Earlier today, the price moved above its 100 are moving average at 136.713. The last 6 hours have seen an upward bias with 5 of the last six hours moving higher in the price from 136.61 to the high price of 137.437.
• AUDUSD: The AUDUSD has now reached to and through its 100 are moving out at 0.6743. Earlier today, the 200 are moving average is broken at 0.67605. Stay below each would keep the sellers more in control from a technical perspective in the short term
• NZDUSD: The NZDUSD is dipping below a upward sloping channel trendline at 0.6376. It's 100 are moving average is just below that level at 0.6366. The rising 200 are moving averages at 0.63575. Getting and staying below each of those levels would increase the bearish bias for the pair.

• EURUSD. The EURUSD is to a new US session low in the process is testing/breaking below its 100 hour moving average at 1.05210. It's rising 200 are moving average comes in a 1.05039. Recall from last Wednesday, the price bounced off of its 200 hour moving average. Admittedly the level was much lower. So the target now is an easier hurdle to get to and through. Nevertheless traders need to push below that moving average level and stable load to give the bears more control. The November highs between 1.04806 and 1.0496 so downside targets that would ultimately need to be broken to increase the bearish bias. Those levels held support on Wednesday after the rise and again on Thursday increasing the areas of importance going forward.

• USDCHF: The USDCHF has nearly completed its down and up lap that saw the late Asian/early European high at 0.93684. The low for the day reached down to test the Friday low near 0.93114, where buyers leaned and started a move back to the upside. Buyers have now pushed the price back up to a high of 0.93627 - nearly erasing the full move to the downside. Getting above 0.93684 would have traders looking toward the 100 hour moving out at 0.63771. There is also a downward sloping trendline on the hourly chart below near that 100 hour MA level.