USD/JPY technical analysis: Greenback is challenging Tuesday's highs ahead of the FOMC Minutes

USD/JPY is trading at daily highs challenging the 107.40 resistance.
The FOMC Minutes are scheduled at 18:00 GMT; the news can lead to some volatility in USD-related currency pairs.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). However, the market is trying to find some support near the 50 SMA at the 106.90 level. The FOMC Minutes are scheduled at 18:00 GMT. The news can lead to some volatility in USD-related currency pairs.

USD/JPY four-hour chart

USD/JPY is challenging the 107.40 resistance and the 50 SMA on the four-hour chart. A break above the level can lead to the 107.70 resistance on the way up, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

The USD/JPY currency pair is trading above its main SMAs, suggesting bullish momentum in the near term. Immediate supports are seen at the 107.20 and 107.00 price levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	107.36
Today Daily Change	0.28
Today Daily Change %	0.26
Today daily open	107.08

Trends
Daily SMA20	107.68
Daily SMA50	106.93
Daily SMA100	107.64
Daily SMA200	109.08

Levels
Previous Daily High	107.45
Previous Daily Low	106.8
Previous Weekly High	108.48
Previous Weekly Low	106.48
Previous Monthly High	108.48
Previous Monthly Low	105.74
Daily Fibonacci 38.2%	107.05
Daily Fibonacci 61.8%	107.2
Daily Pivot Point S1	106.78
Daily Pivot Point S2	106.47
Daily Pivot Point S3	106.13
Daily Pivot Point R1	107.42
Daily Pivot Point R2	107.75
Daily Pivot Point R3	108.06

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.