( WTI ) USOIL claws back losses
 

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( WTI ) USOIL recouped losses after the recent upswing, which saw price action jump higher. A brief fall below 62.00 earlier this month has allowed some long positions to close in profit, shaking out weaker hands in the process. After the level of 63.00 proved to be a solid support with the RSI’s double dip in the oversold zone, a fresh high above 64.00 is a sign that bulls remain in control of the direction. A breakout could trigger a broader rally to this month’s high of 66.00.
 

EURUSD see a reprieve
 

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The euro slips as the dollar eyes a comeback after breaking through 1.1800. As traders digest the Fed’s recent decision, the pair is poised to halt the downturn, as the Dollar’s recovery appears to have gained traction. A close below the immediate support of 1.1750 will ease further buying pressure, and bulls might need to consolidate before they can turn the momentum around. 1.1820 is the closest resistance, and its breach would trigger a retest of 1.1880.
 

USDJPY bounces back
 

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The Yen retreated as the Dollar gained over 200 pips in recent sessions. 149.00, where the previous rally came under pressure, is now a major ceiling to lift. A breakout would force the remaining bears out and cause a runaway rally above the recent high of 150.80, paving the way for a bullish continuation in the weeks to come. On the flip side, a fall below 147.50 would expose the key level at 142.80.

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