Hello Traders, what is going on market after US closing? 😉
USD/JPY
Emotions connected with FOMC decision calms down a bit, and on a daily chart we can spot typical pinbar below local resistance zone. It could led us to open a short position, but todays situation isn’t clear enough to trade right now. We would strongly recommend you to wait until this day ends, and – if the pinbar stays its shape – sell USD/JPY.
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AUD/CHF
There is a local demand zone, right below last lows on AUD/CHF. We had some gains on Monday, and yesterday and today might be considered as pinbars. Wider trend is still bullish, so gains are quite possible.