IS USD in for correction later today?

FX:USDJPY   U.S. Dollar/Japanese Yen
48 0 1

The markets widely believed the FOMC minutes are likely to reinforce the December liftoff bets. However, charts are screaming something else.

USD/JPY             hourly chart - falling channel followed by a possible inverted head and shoulder. PAir has not event taken out its recent high ahead of FOMC minutes.

USD/CHF: the pair saw a breach of double top formation

Gold             - Gold             is oversold and is flirting with a long term trend line support at USD 1071/Oz. Prices made a bullish pin bar on the daily chart earlier today.

NZD/USD             - hourly chart showed an inverted head and shoulder breakout.

GBP/USD             - Appears poised for a break above 1.5248
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out