The FOMC announcement continues to cast its shadow over a market desparate for clues on future direction/trend
Recent busy sessions have come to a grinding halt by way of comparison but there’s still opportunity in range bound markets for those interested in the intra-day trade.. Just don’t get greedy or get caught in the middle of the range!
USDJPY is back above 108.00 after holding 107.75 again but has offers again from 108.20 while GBPUSD found support down around the 1.6085 bids and has rallied to 1.6110. Offers seen again above 1.6120
EURUSD seems set at 1.2675-1.2725, with USDCHF in shadow mode, and AUDUSD 0.8800-50 while USDCAD is taking a breather between 1.1210-60
Rinse n repeat seems to be the order of the day in the absence of any major news. US Durables at 12.30 GMT might help shake it up a bit.
