USD follows the technical analysis and weakens across the market

Tomasz Wisniewski Axiory Global Ltd.

Decision as always bring us some choppy movements but the first impression is a bearish USD

EURUSD is going up and recovering from the drop seen in the last few days. Price is technically supported by the iH&S formation. 1.0630 will be the closest support

USDJPY goes down, which a technical continuation of the bounce from the 115.50 resistance (10.03, with a shooting star on D1)

GBPUSD is heading higher and should test the1/2260 resistance. Bullish breakout here can switch the mid-term sentiment from negative to neutral.

Initial movements looks sustainable. Waiting for the press conference.

EURUSD and GBPUSD are kept relatively high, around 60-70 pips above the opening of the candlestick. In both cases Buy signal is present but we are waiting for the press conference to start

FOMC Press Conference adds momentum to the initial movements

Hawkish tone from Janet Yellen helps to make new local highs on the Cable and the EURUSD and allows the USDJPY to drop few pips lower

Author

Tomasz Wisniewski

Axiory Global Ltd.

Tomasz was born in Warsaw, Poland on 25th October, 1985.

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