USD/JPY Technical Analysis: USD/JPY rejecting daily highs post FOMC minutes
|- USD/JPY is virtually unaffected by the release of the FOMC meeting minutes.
- USD/JPY is struggling to find a clear direction as the market is back inside the daily tight trading range near 110.60.
Spot rate: 110.62
Relative change: 0.11%
High: 110.72
Low: 110.28
Trend: Neutral to Bullish above 110.21
Resistance 1: 110.62-75 supply level and June 21 high
Resistance 2: 110.90 June 15 swing high
Resistance 3: 111.39 May 21 swing high
Resistance 4: 112.05 February 2 low
Support 1: 110.40 supply/demand level
Support 2: 110.21 June 22 high
Support 3: 109.90-110.00 area supply level and figure
Support 4: 109.55 June 19 low
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