FXstreet.com (Buenos Aires) - With investors cautious after a five month rally, and ahead of FED's decision later this week stocks halted the upside rally paring dollar loses also. EUR/USD back under 1.4680 resistance, addressing to 1.4650/50 area, while GBP/USD holds above 1.6200, after failing to regain 1.6240, 23.6% of the last 4 hours down leg. USD/JPY hovers just under 92.00 and needs to regain at least the 92.35 area to return to previous bullish outlook.
Despite volume spikes and sentiment movements, majors likely to remain in range for the rest of the session, as stocks likely to remain under this year high, with no major data until the Asian session. Japan markets will remain closed also this Tuesday, supporting the range bound perspective.