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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
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