USD/JPY, firework before the FOMC minutes!

mario urlic forex usd-jpy 06.04.

There is FOMC coming up at 18:00 h (GMT), but the market players have decided not to wait here. I followed the 110.00 attack at the M5 and M1 chart and must say that, this was a real firework. After the sellers have broke 110.00, the buyers have took over at 109.82 and fire the rocket at 110.40 in a matter of minute. The sellers take over again and return the pair to 110.00 > buyers push to 110.17, sellers to 109.95… To be continued! 🙂

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