Surprises with 59.1 reading
The USD has moved higher after the much better than expected ISM Non manufacturing data. Yellens testimony on banking regulation did not produce any comments on the economy or monetary policy in the released headlines.
The EURUSD is trading at new session lows and moves toward the upper limit of the lows going back to April. That area comes in at 1.0807 to 1.0863.
The USDJPY has traded at the highest level since August 31st but came off before the ISM data. The pair is now trying to move back toward the highs at 121.48. The 121.766 is the 100 day MA key target above....
For the GBPUSD, the fall stalled at the 200 hour MA after tumbling below the 100 hour MA earlier. The pair seems to be more supported. The EURGBP remains pressured which is helping to support the cable for now at least.
