USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.09% | -14.4 Pips |  |
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| Week to-date | 0.33% | 53.8 Pips |  |
||
| July | 0.33% | 53.8 Pips | |
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What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.09% to 161.44. 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 161.22 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 161.74 or trades above daily pivot 161.48. While to the downside, the daily low of 161.26 and 161.22 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 161.26 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 | 162.18 |
| R2 | 161.96 |
| R1 | 161.7 |
| Daily Pivot | 161.48 |
| S1 | 161.22 |
| S2 | 161.01 |
| S3 | 160.75 |
