Break trend and RSI overbought. A pullback before FOMC minutes

🔔🔔🔔USD/JPY news:

➡️ The Japanese Yen is attracting buyers after a slight decline on domestic data.
Meanwhile, the Bank of Japan (BoJ) is expected to continue its policy normalization and may raise interest rates later this year, which continues to support the Japanese Yen ahead of the release of the Federal Open Market Committee (FOMC) meeting minutes.

➡️ On the other hand, traders are increasingly anticipating the possibility that the US Federal Reserve (Fed) will extend its rate-cutting cycle in September, highlighting the policy differences between the two central banks.

Personal opinion:
➡️ The USD is overbought and showing signs of falling. USD/JPY will create bearish momentum today before the FOMC meeting minutes

➡️ Technical analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy

Personal Plan:
🔆Price Zone Setup:

👉Sell USD/JPY 147.50 - 147.60
❌SL: 148.05 | ✅TP: 147.05 – 146.40

FM wishes you a successful trading day 💰💰💰