EURUSD Daily Pivots
| R3 | 1.3075 |
| R2 | 1.3027 |
| R1 | 1.2945 |
| Pivot | 1.2898 |
| S1 | 1.2816 |
| S2 | 1.2769 |
| S3 | 1.2686 |
Despite a modest recovery in the inflation data the Euro was little changed in the run up to the FOMC statement yesterday. The Euro was quite bearish against the Greenback, making an intra-day low to 1.28513. The EURUSD opened today at 1.28643 and currently seems to be completing a minor pullback in the H1 time frame.
USDJPY Daily Pivots
| R3 | 110.093 |
| R2 | 109.238 |
| R1 | 108.811 |
| Pivot | 107.949 |
| S1 | 107.518 |
| S2 | 106.665 |
| S3 | 106.226 |
The Yen weakened ahead of the FOMC meeting and continued to weaken as investors awaited the FOMC statement. USDJPY rallied yesterday closing higher at 108.387 and continues to rally at the time of writing. The 4-hour and the daily time interval Stochastics oscillator is in the overbought levels indicating a possible correction on the horizon.
GBPUSD Daily Pivots
| R3 | 1.6449 |
| R2 | 1.6403 |
| R1 | 1.6339 |
| Pivot | 1.629 |
| S1 | 1.6229 |
| S2 | 1.6184 |
| S3 | 1.6119 |
GBPUSD managed to rally yesterday on upbeat employment data making an intra-day high of 1.63586 only to give up its gains during the FOMC event. GBPUSD closed almost flat at 1.62753. With the high risk event of the Scottish vote today, GBPUSD is likely to have a muted reaction to the retail sales data. The Scottish vote is expected to gain momentum as the day progresses and the pair is likely to be whipsawed based on commentary and opinion polls. A widely expected GBPUSD could well exhibit some wild moves with low liquidity towards the late US and early Asian session tomorrow.
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