Today’s price action could be centered on the FOMC statement. A bearish break would require a change in the wave count.
The EUR/USD is very choppy (WXY patterns) and remains stuck in the wedge between support (green) and resistance (red).
The GBP/USD closed with another bullish day yesterday after retesting the support trend line (blue) during the GBP news event. Today’s price action could be centered on the FOMC statement.
The GBP/USD remains firmly set in the uptrend channel but so far has not able to break above the resistance trend line (orange).
The USD/JPY is going sideways in a narrow channel. Today’s price action could be centered on the FOMC statement.
The USD/JPY remains corrective and is showing multiple WXY patterns.
Please note that the update is posted with permission from Admiral Markets
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