Forex Technical Major Pairs analysis September 17, 2019

By • Posted in Forex

USDX (USD Index)

Bullish reaction happened yesterday and U.S dollar index returned above 98.25. The upward movement has strong momentum but we do not expect further continuation before the Fed interest-rate decision. Tomorrow, traders will monitor the news release by the Fed and get a clue on U.S dollar index next movement.

News to watch

FBS The Best Forex Broker

For full outlook for this week, you can follow Forex Outlook For The Week 16-20 September 2019

EUR/USD

EUR/USD traded lower in the previous trading day and settled inside the triangle range. It is supported by 1.1000 and bounces from the support level today. Although it might turn bullish, traders could expect the pair to trade sideways inside the range until tomorrow FOMC meeting.

today critical levels to watch:

Support: 1.1000, 1.0900

Resistance: 1.1120

GBP/USD

GBP/USD maintained a close above the top of the channel. The pair attempt to stay bullish above the channel before the tomorrow FOMC meeting. If the pair stay bullish after the interest-rate decision then we could expect GBP/USD to continue upward and test 1.2625 and daily SMA 200. On the other hand, a close inside the channel will trigger bearish continuation inside the channel.

Today Critical level to watch:

Support: 1.2400, 1.2300

Resistance: 1.2500, 1.2600, 1.2625

USD/JPY

USD/JPY secured a bullish close despite the bearish gap in the previous trading day. The pair tested the support level near 107.40 and set to continue further upward to 109.00. Tomorrow FOMC interest-rate decision will determine the pair next direction. We still think the pair will reach 109.00 resistance.

Today critical levels to watch:

Support: 107.40, 107.00

Resistance: 109.00

AUD/USD

A bearish reaction from the top of channel happens today. AUD/USD fell below the previous day and previous week low. However, the bullish pressure recedes as the pair getting near the top of the blue box area. It is currently traded near the opening level and back above both lows. Not much to expect until tomorrow FOMC meeting except for another neutral close.

Today critical levels to watch:

Support: 0.6800, 0.6700

Resistance: 0.6900

Copyright © 2026. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.