EUR/USD & USD/JPY Possible Outlook for FOMC & News

This is one possible direction for price to move with the news tomorrow. On other charts the daily for UJ looks like we are in a breakout and the daily for EU looks as if we are at major resisstance. If the current active momentum holds I will be targeting these levels. I will be creating a chart for the other direction aswell to prepare for both possible scenerios. The wedge in eu is major and embedded on multiple timeframes. I am expecting the move on EU to be larger but having news on both sides could continue the choppy price action. UJ is already in an extension and wave 5 so I think if we get a rally up from the news it will pull back sharply to fib levels of the current impulse. Be very careful with this type of news and price action patterns. It can move very sharply either diection out of the wedge and with the news expect some traps and tricks. Wide stops for the whiplash and an eye on the time of day moving into tomorrow. Peace and pips traders have a good week. This is not trade advice or signals, I am using tradingview for my journal and for post trade reference. hope it helps.

-Grateful Chart Artist