The USDs reaction has been a modest rise in the USD as the Fed chooses to forecast only 1 cut between now and the year's end.
- EURUSD: The EURUSD has moved down toward the 50% midpoint of the June trading range at 1.08175. The price low reached 1.08145. The 100-day MA comes in lower at 1.08034. The current price trades at 1.0828. The 200 bar MA on the 4-hour chart is at 1.0832. Moving back above and staying above would give sellers some cause for pause.
- USDJPY: The USDJPY fell below the 200-hour MA this morning at 156.395. The low price reached 155.73. The move higher after the rate decision has taken the price back to test the 200-hour MA. The high price just reached 156.41 just above the 200 hour MA. The price is trading at 156.33.
- GBPUSD:The GBPUSD has moved back below the high from last week at 1.28192 and a swing area between 1.2822 and 1.28272. The current price trades at 1.2827 after reaching a low at 1.2807. The 1.2819 to 1.2827 is the key barometer for the buyers and sellers.
Looking at the US debt market:
