A few quick levels after the central banks are out of the way

The FED (Federal Reserve) held their meeting on Wednesday afternoon and the BOJ (Bank of Japan) had their say early this morning. We will get into that later on but first let´s take a look at where we stand right now. EUR/USD made a break of 1.10 on Wednesday afternoon after mixed FED feelings. So, 1,1080 was the first resistance level and has turned now into a support level and that´s where we are right now. 

Below that comes 1.1050 and 1.10. The resistance levels come at 1.11, 1.1120 and 1.1150. USD/JPY also has moved a great deal this morning after the BOJ so the support and resistance levels are not the same they were yesterday. The closest resistance levels come at 104, 104.50 105 and ultimately 105.50. The first support level comes at 103.20, then 103, 102.50 and 102.30.

ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

Related Articles

FED Powell's Worst-Case Scenario: Freight Slows, Stock Markets Fall or Resolution?

Federal Reserve Chair Jerome Powell has sounded the alarm on a potential trade standstill reminiscent of the pandemic era — a scenario...

4 days ago

Save

BOJ’s Ueda Says He Will Continue to Raise Rates, Finance Minister Denies Currency Manipulation

6 days ago

Save

Is AMD Stock a Buy After 7% Fall as Trade Tensions Rekindle Chip Selloff?

1 week ago

Save

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up commentsnew replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments