Little progress has made the GBP/USD pair, as an early peak was quickly reverted. BOE's members testified before the Parliament, offered no news.
The USD/JPY pair is little changed daily basis, as so do US Treasury yields. No big news ahead to rock the pair, set to extend its consolidative phase.
The dollar eased this Tuesday, but not much and nothing that can change its previous bullish tone. The common currency can't get a break, EUR/USD below 1.1800.
Yohay Elam - If it comes out at higher than expected with a deviation of +1.70 or higher, the pair may go down reaching a range of 48 pips in the first 15 minutes and 63 pips in the following 4 hours. Support levels are to be found approximately at 1.2260 and 1.2240accordingly to the Confluence Indicator. Vestiges of demand can be seen around 1.2200 and below at 1.2170, based on aggregated trading positions from FXStreet's dedicated contributors.