USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.1% | -15.799 Pips |  |
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| Week to-date | -0.09% | -14 Pips | |
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| June | 1.75% | 274.1 Pips |  |
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What can we expect from USDJPY today?
USDJPY on Monday dropped -0.1% to 159.69. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 158.97 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 159.93 or trades above daily pivot 159.45. While to the downside, the daily low of 158.74 and 158.97 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 158.74 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 | 161.36 |
| R2 | 160.65 |
| R1 | 160.17 |
| Daily Pivot | 159.45 |
| S1 | 158.97 |
| S2 | 158.26 |
| S3 | 157.78 |
