Daily Market Analysis Forex

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The price has moved down toward the 38.2% retracement at 109.223 and bounced modestly higher. The 109.392 was a swing low going back to November 29. That is close resistance now if the sellers are to push further to the downside. Keep an eye on that level.
USDJPY

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The GBPUSD has continued the corrective move to the downside and in the process is fall below the 38.2% retracement of the move up from yesterday's load to the high. That level comes in at 1.33365. The low price is extended to 1.3311.
GBPUSD

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