The technical levels in play for the major currency pairs after the FOMC decision

The USD has moved sharply lower after the Fed lowered the EOY rate projection to 4.6% from 5.1%.

  • The EURUSD moved above the 200 day MA and 38.2%.
  • The USDJPY moved lower and below a swing area between 144.399 to 144.54. Stay below that level is more bearish.
  • The GBPUSD moved up to test the 200 hour MA at 1.2586 and stalled. Getting above is more bullish

In the video, I look at the above and more.

This article was written by Greg Michalowski at Source