The technical levels in play for the major currency pairs after the FOMC decision

<p>The USD has moved sharply lower after the Fed lowered the EOY rate projection to 4.6% from 5.1%. </p><ul><li>The EURUSD moved above the 200 day MA and 38.2%. </li><li>The USDJPY moved lower and below a swing area between 144.399 to 144.54. Stay below that level is more bearish. </li><li>The GBPUSD moved up to test the 200 hour MA at 1.2586 and stalled. Getting above is more bullish</li></ul><p>In the video, I look at the above and more. </p>

This article was written by Greg Michalowski at www.forexlive.com.