Today, we got ISM's Non-Manufacturing PMI data for July, which came in at 58.7, the highest level so far this year. Economists' forecast was around 56.6 while the previous reading for June was 56.0. ISM ReportWe also saw better-than-expected US Factory Orders in June, which showed growth of 1.1% versus the forecasts around 0.6%. This brought the total value of orders to $503.2B, which is at a historic high for this series and is a welcomed rebound from May's reading of -0.6%.US Factory OrdersUSD Reactions:The strong US data is giving the US Dollar a boost across the board. The US Dollar Index (USDX) for example was already rallying, but extended to a new high on the year around the time of the US releases. The next key resistance will be around 82.67, which was the Sept. 2013 high. (USDX 4H Chart) The USD/JPY also rallied, but there is key resistance round 103. A break above 103.10 can open up the 103.75-104 highs from March and April. Otherwise, if price retreats back below 102.70, the mode in the near-term remains in consolidation, with focus first to 102.40, than to 102. But we should look out for buyers around 102. (USD/JPY 4H Chart) EUR/USD was falling before the US releases, and extended to fresh lows on the year after them. At this point the 1.34 level could be turning into resistance. A break above 1.3445 will be needed to open up a bullish correction scenario. Instead, it is more likely poised to test the 1.3295-1.33 lows from Nov. 2013. (EUR/USD 4H Chart) The GBP/USD is actually showing some resilience as price refused to push below 1.6850. This price action indicates bullish correction intent. To the upside, an average correction has the target of 1.6950-1.70, or 38.2% retracement to 50% retracement, in sight. (GBP/USD 4H Chart)