USDJPY driving higher
 

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The dollar continued to press forward as the Fed adopted a slightly dovish tone for the remainder of the year. The latest move to the upside has encountered resistance after testing the 153.00 area, and an initial drop below 152.50 has prompted intraday buyers to reduce their exposure. Increasing resistance could be felt as the dollar fights back. 151.80 is a major floor to maintain the current momentum. Otherwise, a reversal of yesterday’s move could see the pair collapse towards 150.00.
 

USOIL breaks resistance
 

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Oil remains steady after breaking through the recent resistance at 62.00. On the chart, the directional bias is attempting to move higher with the commodity probing for support as price action looks for the next target at 63.00. Subsequently, a close above the said price will indicate a strong bullish drive, and 64.50 could be the last key resistance, and its breach could maintain the recovery. 61.80 is a fresh support in case of a pullback.
 

SPX 500 aiming for another record
 

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The S&P climbs to another peak as stocks maintain their progression. A surge above 6730 forced sellers to cover, until the pullback saw price action trade just above the 6710 level. In the meantime, the RSI’s venture into the overbought area could lead to a temporary retracement, which the bulls may view as an opportunity to stake a claim, as sentiment could shift. 6600 would be the closest support at the previous dip in the market.

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