USD/JPY is hovering below the monthly high below the 108.50 resistance. The market is awaiting the FOMC scheduled at 18:00 GMT. USD/JPY daily chart USD/JPY is off the monthly highs as the market is trading above the 50-day simple moving average (DSMA). The market is expeceting the Federal Reserve to cut 25bps this Wednesday. However market participants are going to pay close attention to any comments from Fed’s Chairman Powell. USD/JPY 4-hour chart USD/JPY is above its main SMAs, suggesting a bullish bias in the medium term. Bulls need a breakout above 108.50 to get to 109.40 resistance on the way up, according to the Technical Confluences Indicator. USD/JPY 30-minute chart USD/JPY is trading below the 100 and 200 SMAs, suggesting a potential pullback down in the near term. The market might declines towards the 108.41 and 108.03 support levels, according to the Technical Confluences Indicator. Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD pulls away from lows as oil loses traction, trades near 1.3140 FX Street 4 years USD/JPY is hovering below the monthly high below the 108.50 resistance. The market is awaiting the FOMC scheduled at 18:00 GMT. USD/JPY daily chart USD/JPY is off the monthly highs as the market is trading above the 50-day simple moving average (DSMA). The market is expeceting the Federal Reserve to cut 25bps this Wednesday. However market participants are going to pay close attention to any comments from Fed's Chairman Powell. USD/JPY 4-hour chart USD/JPY is above its main SMAs, suggesting a bullish bias in the medium term. Bulls need a breakout above 108.50 to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
