USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.13% | -19.3 Pips |  |
||
| Week to-date | 0.14% | 19.7 Pips |  |
||
| July | 0.14% | 19.7 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes Thu 01:15 PM USD ADP Non-Farm Employment Change Thu 03:00 PM USD ISM Services PMI
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.13% to 144.46. 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 144.21 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 144.68 or trades above daily pivot 144.44. While to the downside, the daily low of 144.19 and 144.21 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 144.19 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 | 145.18 |
| R2 | 144.93 |
| R1 | 144.7 |
| Daily Pivot | 144.44 |
| S1 | 144.21 |
| S2 | 143.96 |
| S3 | 143.72 |
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