Trend Theme：USD/JPY surges in Tokyo to pressure shorts and stops.
Trend Review：USD/JPY taking on bear’s commitments, in a clearout ahead of the Fed. USD/JPY is currently trading between a range of 108.62 and 108.91 and climbing some 0.2% on the session as the dollar pulls some punches ahead of the Federal Reserve’s interest rate decision later today.
|PP||Resistance*||108.96 *||109.21 **||109.65 ***|
|108.52||Support*||108.27 *||107.83 **||107.58 ***|
Trend Theme：GBP/USD: Drops towards two-week-old support line near 1.3900.
Trend Review： GBP/USD stays pressured around the intraday low of 1.3890, down 0.12% on a day, during Wednesday’s Asian session. 100, 200-SMA confluence can test the bears amid upbeat Momentum. Weekly resistance line guards short-term upside ahead of 1.3950 horizontal hurdle.
|PP||Resistance*||1.3936 *||1.3963 **||1.4002 ***|
|1.3897||Support*||1.3871 *||1.3832 **||1.3805 ***|
Trend Theme：WTI: Bears eye a $62.41 support level.
Trend Review：WTI bears stepping in at a key level of resistance. Bears will eye the daily support in the $62.40s. The oil market’s price action was quite a sceptical overnight. As per the prior W-formation on the daily chart above, there is the scope of a downside test of the current W-formation’s neckline.
|PP||Resistance*||63.53 *||64.07 **||64.89 ***|
|62.70||Support*||62.17 *||61.34 **||60.80 ***|
Trend Theme：Gold bears cheer break of monthly support line below $1800.
Trend Review：Gold drops to the fresh one-week low of $1,767.68, down 0.43% intraday, during early Wednesday. Downbeat MACD, trend line break favor short-term sellers. Two-month-old horizontal area, 200-SMA to test the bears.
|PP||Resistance*||1783.77 *||1790.62 **||1795.60 ***|
|1778.79||Support*||1771.94 *||1766.96 **||1760.11 ***|