EURUSD was rebounded as mentioned in the Outlook before FOMC as it was trading at the Daily Support and neckline of H&S was not broken. EU is in the range of 1.1131 to 1.1259. Traders may trade the sideway range as long as the upper resistance and lower support is not broken.



Hammer was spotted at the major support and currently retest its minor resistance.

Most likely scenario : Long at the breakout of 1.7081 and Profit taking @ 1.7215 as shown in the chart. Stop Loss @ 1.6982.


Screen Shot 2016-09-25 at 6.18.27 PM.png

GBPJPY is trading at the major support and traders may look for opportunity to take long position when it breakout from the support zone.

Profit taking @ 132.77 and Stop Loss @ 130.30


Screen Shot 2016-09-25 at 6.24.14 PM.png

EURNZD had retest the major resistance and a bearish candlestick was formed at the top.

Most likely scenario : Short at current level with a Stop Loss @ 1.5559 and Profit Taking @ 1.5385 or 1.5351.

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