Initial reaction for EURUSD and USDJPY? Not much… via ForexLive

Technically speaking….

EURUSD a little more bullish? But contained.

The EURUSD is is a little more bullish. The low stayed above the 100 hour MA below and barely moved below the 38.2 at the 1.13194 level.  On the topside, the 1.1372 level up to 1.1388 remains a ceiling. The high got up to 1.1368, just  below the 1st technical target at 1.1372.

The USDJPY ticked a little above the 200 hour MA, but only briefly. Staying below the 200 and 100 hour MA levels give bears more control in what remains a non trending, consolidating market.

USDJPY stays below the 200 and 100 hour MA

posted via ForexLive