EURUSD: EURUSD closing yesterday’s trading higher, while traders anticipate the FOMC statement due later on today at 18:00 GMT. The pair has retraced 76.4% of the decline set from Aug 20th Highs to Sep 6th lows and is currently trading at 1.3358. Levels of resistance are at 1.33699 initially, with a break above exposes 1.3397 next, followed by 1.3409. Levels of support are at 1.3326 initially, with a break below exposes 1.3274 next, followed by 1.3244.
USDJPY: The USDJPY has been consolidating for the last few days. Yesterday’s range was extremely low for the pair, as price action forming an inside day. Levels of resistance are at 99.33 initially, a break above exposes 99.73 level next, followed by 99.96 and 100.18. Levels of support are at 98.99 initially, a break below exposes 98.99, the Lows registered on Sunday and last Friday’s lows as well. A break and sustaining below would shift short term bias for the pair to the downside.
Gold: Gold coming off yesterday towards breaking temporary support levels posted at 1305 levels. The Commodity posting a new monthly low at 1291.51 today and is currently trading at 1305.95, nearest support is at the daily lows 1291.51, with a break below exposing 1272.09 next. Levels of resistance are at 1315.60 initially, with a break above exposing 1324.74 next, followed by 1335.05.