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  • The Dollar is seeing some lift heading into Tuesday’s action.
  • Another speech from the US Fed’s Powell is due for Wednesday, and Greenback bulls are looking forward to another showing from the head of the key central bank.
  • Last week’s lift may have sent the pair into a new recent high, potentially triggering a new leg lower.

USD/JPY Chart, 15-Minute

Spot rate:   112.41
Relative change:   0.12%
High:   112.44
Low:   112.22
Trend:   Flat to bearish
Support 1:   112.00 (major technical level)
Support 2:   111.53 (61.8% Fibo retracement level)
Support 3:   110.76 (July 11th swing low)
Resistance 1:   112.44 (current day high)
Resistance 2:   112.55 (current week high)
Resistance 3:   112.79 (previous week high)