Currently throughout the US session the major pairs along with the dollar and the yen are consolidating so far mainly on pure technical and correctional after the dollar fell from a 14-month high against its major peers after data showed U.S. industrial production unexpectedly declined in August.
Now the euro is presently narrow trading on the four and one-hour charts as a result of the current technical movements sending in fact the EUR/USD pair to trade up around $1.2937 while recording the highest level of $1.2969 and lowest level of $1.2909 knowing that the pair may incline but slightly as mixed signs are seen throughout the four-hour and one-hour momentum indicators.
As for the British Pound, it is also consolidating on these correctional movements driving the GBP/USD pair to trade around $1.6228 while recording the highest level of $1.6268 and lowest of $1.6221 and is most probably going to remain at consolidated levels as mixed signs; buying and selling, are also witnessed at several time scale within the stochastic oscialltor.
Finally, as a result of mixed signs and a weak dollar witnessed throughout the momentum indicators at different time charts the USD/JPY pair is falling slightly to trade around ¥107.20 while recording the highest level of ¥107.36 and lowest levels of ¥107.0 1.