USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.39% | -55.6 Pips |  |
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| Week to-date | -0.8% | -113.7 Pips | |
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| December | -4.66% | -691.2 Pips |  |
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Upcoming key events (London Time)
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What can we expect from USDJPY today?
USDJPY on Thursday dropped -0.39% to 141.26. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
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 140.45 (S1) with break below could see further selling pressure towards 139.63 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 141.67 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 140.24 would indicate selling pressure.
For the week to-date, take note that USDJPY is bearish as the pair posted lower by -0.8%.
Key levels to watch out:
| R3 | 143.31 |
| R2 | 142.49 |
| R1 | 141.88 |
| Daily Pivot | 141.06 |
| S1 | 140.45 |
| S2 | 139.63 |
| S3 | 139.02 |
