USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.26% | 37.1 Pips |  |
||
| Week to-date | 0.26% | 37.4 Pips | |
||
| July | 0.26% | 37.4 Pips | |
||
Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Monday rose 0.26% to 144.63. 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 144.1 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 144.91 or trades above daily pivot 144.51. While to the downside, the daily low of 143.98 and 144.1 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 144.91 would suggest bullish bias after recent positive movement.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
| R3 | 145.97 |
| R2 | 145.44 |
| R1 | 145.04 |
| Daily Pivot | 144.51 |
| S1 | 144.1 |
| S2 | 143.58 |
| S3 | 143.17 |
You might be interested in:
Tankan (June): Comprehensive Data Set. Bank of Japan Tankan (June): Summary and Outline. Bank of Japan
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.
