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Major FX Pairs In Holding Patterns Pre-FOMC Next Week

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So this is where we’re at.

The following are H4 snapshots of the major pairs and they all look like they’ll be in holding patterns ahead of next week’s FOMC.

EURUSD is moving around the pivot at $1.1810.

EURUSD - H4 CHART
EURUSD – H4 CHART

GBPUSD can’t make up its mind whether to stay bearish and keeps going back up to the pivot around $1.3900.

GBPUSD H4 CHART
GBPUSD H4 CHART

USDJPY is ranging around 110 yen.

USDJPY H4 CHART
USDJPY H4 CHART

AUDUSD seems to have lost bullish momentum and is back to test support at $0.7325.

AUDUSD H4 CHART
AUDUSD H4 CHART

In the meantime XAUUSD is oscillating around the pivot at $1800.

XAUUSD H4 CHART
XAUUSD H4 CHART

All displayed chart support/resistance lines are either historical levels or actual confirmed order book levels currently being traded by major players based on available market intelligence.

Disclaimer: This content is for educational purposes only. It does not constitute trading or investment advice. Past performance does not indicate future results. Do not invest more than you can afford to lose.

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Imran Yusof