USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.02% | -2.7 Pips |  |
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| Week to-date | -0.02% | -2.7 Pips | |
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| May | -0.5% | -78.4 Pips | |
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Upcoming key events (London Time)
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What can we expect from USDJPY today?
USDJPY on Monday dropped -0.02% to 156.92. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 156.73 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 156.96 or trades above daily pivot 156.84. While to the downside, the daily low of 156.66 and 156.73 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 156.66 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 | 157.33 |
| R2 | 157.15 |
| R1 | 157.03 |
| Daily Pivot | 156.84 |
| S1 | 156.73 |
| S2 | 156.54 |
| S3 | 156.43 |
