USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.28% | -42.5 Pips |  |
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| Week to-date | -0.05% | -8.3 Pips |  |
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| April | -0.05% | -8.3 Pips | |
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What happened lately
🇺🇸 U.S. Challenger Job Cuts in March rose to 90.309K compared to previous figure 84.638K in February
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What can we expect from USDJPY today?
USDJPY on Thursday dropped -0.28% to 151.22. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks bearish as the pair posted lower in Thursday trading session.
Looking ahead for the day, immediate support level is at 150.97 (S1) with break below could see further selling pressure towards 150.71 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 151.77 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 151.12 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
| R3 | 152.27 |
| R2 | 152.02 |
| R1 | 151.62 |
| Daily Pivot | 151.37 |
| S1 | 150.97 |
| S2 | 150.71 |
| S3 | 150.31 |
