The Fed keeps rates unchanged as expected. In an initial reaction, the pair moved mildly higher but then resumed the pattern of selling. USD/JPY daily chart As expected the Federal Reserve has kept rates unchanged but there has been a change to the language. They kept interest rates unchanged at 0.10% and reiterated they will be able to use more tools if needed. Looking at the chart below, there has bearly been a move to the latest update from the Fed. The support level at 104.90 is holding but crucially this is under the 105 handle. The pair has been very bearish at the moment and this could be expected to continue but there are some upside risks are we have the press conference yet to come. The indicators are now showing that they were already pretty bearish before the event. The Relative Strength Index was holding in a negative position in the oversold area. The MACD histogram is firmly in the red and the signal lines have been accelerating their move lower as the greenback had been losing value in recent weeks. Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD gains momentum after Fed’s decision rises toward $1,970 FX Street 3 years The Fed keeps rates unchanged as expected. In an initial reaction, the pair moved mildly higher but then resumed the pattern of selling. USD/JPY daily chart As expected the Federal Reserve has kept rates unchanged but there has been a change to the language. They kept interest rates unchanged at 0.10% and reiterated they will be able to use more tools if needed. Looking at the chart below, there has bearly been a move to the latest update from the Fed. The support level at 104.90 is holding but crucially this is under the 105 handle. The pair has been very… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
