Rate increase or hold will be in less than 30 minutes.
What is your play here?
USD/JPY looks very overbought on the RSI... thinking perhaps there is more priced in expectation of a rate increase than the talking heads are predicting. Could this be wound up for a big drop?
on the other hand...
EUR/USD looks VERY weak having broken that long term trendline support on the 60 minute chart. I think it will either drop like a rock or rebound all the way back to test that trendline at 1.5550 area. (lots of help right...)
What are your plays here?
What is your play here?
USD/JPY looks very overbought on the RSI... thinking perhaps there is more priced in expectation of a rate increase than the talking heads are predicting. Could this be wound up for a big drop?
on the other hand...
EUR/USD looks VERY weak having broken that long term trendline support on the 60 minute chart. I think it will either drop like a rock or rebound all the way back to test that trendline at 1.5550 area. (lots of help right...)
What are your plays here?