USD/JPY Technical Analysis: Losing steam below 111.50 ahead of Fed

FX Street

Updated: 20 Mar. 2019 | 15:27

USD/JPY daily chart

USD/JPY is in a consolidation between its 200-day simple moving average.
The FOMC at 18.00 GMT can lead to high volatility.

USD/JPY 4-hour chart

USD/JPY is consolidation between the 50 and 100 SMA.

USD/JPY 30-minute chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the short-term.
A break below 111.30 can lead to 111.00 figure.
Resistances are at 111.50 and 111.65 level.

Additional key levels

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