USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.95% | 138.3 Pips |  |
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| Week to-date | 1.51% | 219.4 Pips | |
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| January | 4.33% | 610 Pips |  |
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Upcoming key events (London Time)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
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What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.95% to 147.10. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 147.75 with break above could target R2 at 148.39. While towards the downside, we are looking at daily low of 145.58 as an important support. Break below this level could weaken the current bullish momentum. A break above 147.31 would suggest bullish bias after recent positive movement.
For the week to-date, take note that USDJPY is bullish as the pair continued to trade higher and is up by 1.51% over the past few days.
Key levels to watch out:
| R3 | 149.48 |
| R2 | 148.39 |
| R1 | 147.75 |
| Daily Pivot | 146.66 |
| S1 | 146.01 |
| S2 | 144.93 |
| S3 | 144.28 |
