USD/JPY Price Challenges Dynamic Resistance, Eying FOMC

<div><img width="838" height="554" src="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg" class="type:primaryImage wp-post-image" alt="my USD/JPY price analysis outlook forecast" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg 838w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-300×198.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-150×99.jpg 150w" sizes="(max-width: 838px) 100vw, 838px" /></div>
<p>The bias remains bullish despite the last sell-off. Taking out the upper median line (uml) validates further growth. False breakouts may announce a new leg down. The USD/JPY price has recently embarked on a formidable upward trajectory, now resting at the significant level of 150.70. This bullish inclination persists despite minor fluctuations in the short…</p>
<p>The post <a rel="nofollow" href="https://www.forexcrunch.com/usd-jpy-price-challenges-dynamic-resistance-eying-fomc/">USD/JPY Price Challenges Dynamic Resistance, Eying FOMC</a> appeared first on <a rel="nofollow" href="https://www.forexcrunch.com">Forex Crunch</a>.</p>