USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.02% | -3.1 Pips |  |
||
| Week to-date | 0.47% | 64.2 Pips |  |
||
| May | 1.67% | 228 Pips | |
||
Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes Thu 01:30 PM USD GDP Annualized
What happened lately
🇺🇸 New Residential Sales (1-mth) in April exceed forecast and rose to 0.683M compared to previous figure 0.656, revised from 0.683M in March Census Bureau
What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.02% to 138.53. 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 138.21 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 138.91 or trades above daily pivot 138.56. While to the downside, the daily low of 138.24 and 138.21 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 138.24 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 | 139.55 |
| R2 | 139.23 |
| R1 | 138.88 |
| Daily Pivot | 138.56 |
| S1 | 138.21 |
| S2 | 137.89 |
| S3 | 137.54 |
You might be interested in:
Gross Domestic Product for the U.S. Virgin Islands, 2021. Bureau of Economic Analysis
Machinery Orders. Cabinet Office
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.
