Technical summary, FOMC-driven fundamental news, and a full JPM stock trade setup with entry, stop loss and take profit levels for the next
JPMorgan Chase (JPM) stock surged to $331.14, gaining 3.68% as investors positioned ahead of the Federal Reserve’s policy decision and Chair Kevin Warsh’s first FOMC press conference. Technically, JPM is testing key resistance at $331.77 with an RSI of 70.84, signaling overbought conditions and potential volatility. Traders are closely watching the Fed’s rate outlook, dot plot projections, and guidance on future monetary policy, all of which could impact bank profitability and net interest margins. Additional focus remains on JPMorgan’s European expansion, legal developments, and broader risk-on sentiment across Wall Street. Key support levels stand at $319.27 and $311.53, while a breakout above resistance could target $340 and beyond.
Read the full analysis on: Capital Street FX - Forex and CFD Market Outlook
