EURUSD , GBPUSD, USDJPY see dollar at new lows
The EURUSD has moved to new highs and trades toward the high point of the series of highs going back to February.
- The February 19 high reached 1.1449.
- The May 15 high came in at 1.1465.
- The June 18th high comes in at 1.1435.
- The September 18 high comes in at 1.1460.
Each of these peaks saw the price tumble back lower. In August this area was broken and the price soared to 1.1711 before quickly reversing. The pair is currently trading at 1.1462 just off the highest of these highs. A break above should solicit more buying
USDJPY.
The USDJPY is trading further away from the consolidation box that has confined the closing prices over the last month of trading. The lows from October 2nd at 118.67 the low from September 4 at 118.514. The low from August 25 at 118.23 are all targets on the downside, a break below the 118.23 should solicit further selling toward the 117.957 level.
GBPUSD
The GBPUSD has continued its surge higher and gets closer and closer to the key 100 day moving average at 1.54824. The high price so far is at 1.5477. Shorts continue to be squeezed in the pair. The range for the day is up to 225 pips. The average is 123 over the last 22 trading days (about a months worth of trading).
