A quick review of the majors
EURUSD. The EURUSD is back up testing the 200 bar MA on the 5 minute chart. This is where sellers should come in (stop above the 100 bar MA)
USDJPY: The USDJPY has been able to stay below the 100 day MA (blue horizontal lline at 109.327). The move below the 119.00 level failed
GBPUSD: The high from December at 1.57847 was breached in trading today, but the high from the end of November at 1.5824 was not.. The price has rotated back below the December high.
Is the move over for now? The pair has moved up 725 pips over the last 8 trading days
Looking at the hourly chart, the price has dipped below trend line support. Staying below will be eyed.
