Technical evaluation USD / JPY: Financial institution word returns to Tuesday's highs earlier than FOMC minutes

USD / JPY is buying and selling at each day highs defying 107.40 resistance.
FOMC minutes are anticipated at 18:00 GMT; information could trigger volatility in US greenback forex pairs.

Every day Chart USD / JPY

USD / JPY's buying and selling at a bearish pattern under easy shifting averages of 100 and 200 days. Nonetheless, the market is looking for help near 50 SMA at 106.90. FOMC minutes are scheduled at 18:00 GMT. The information could trigger some volatility in forex pairs associated to the US greenback.

4 Hour USD / JPY Chart

The USD / JPY dispute the resistance of 107.40 and the 50 USD on the 4 hour chart. A break above the extent could lead to a resistance of 107.70 at climb, in line with the technical confluence indicator.

Chart USD / JPY 30 minutes

The USD / JPY forex pair is buying and selling above its main currencies, suggesting a short-term bullish momentum. The speedy helps are seen on the worth ranges 107.20 and 107.00, in line with the technical confluence indicator.

Further key ranges

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