USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.64% | 83.3 Pips |  |
||
| Week to-date | -0.01% | -1.4 Pips |  |
||
| March | -4.04% | -549.6 Pips |  |
||
Upcoming key events (London Time)
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What happened lately
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What can we expect from USDJPY today?
USDJPY on Monday rose 0.64% to 131.53. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is at 132.04 (R1) while on the downside, we are looking at daily low of 130.47 as an important support. Break below this level could weaken the current bullish momentum. A break above 131.76 would suggest bullish bias after recent positive movement.
For the week to-date, take note that USDJPY is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 133.33 |
| R2 | 132.54 |
| R1 | 132.04 |
| Daily Pivot | 131.25 |
| S1 | 130.75 |
| S2 | 129.96 |
| S3 | 129.46 |
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