USDJPY falls toward 100 hour MA
The USD has taken a moved to the downside after the ISM data.
EURUSD: The EURUSD pushed back above its 100 day moving average and tested it 200 hour moving average of 1.20695. The high price just reached 1.2068.
The 38.2% of the run lower from late Thursday’s high at 1.20569 and the 100 day MA at 1.20523 is now support as buyers take back more control.
GBPUSD: The GBPUSD extended above and away from its 100 and 200 hour MAs at 1.38945 and 1.38995 respectively. The pair tests a swing area between 1.39241 and 1.39314.
USDJPY: The USDJPY has moved lower and currently test its 100 hour moving average at 108.941. The moving average is also within a swing area between 109.927 and 109.985.. A move below would open the door for further downside momentum