USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.1% | 14.7 Pips |  |
||
| Week to-date | 0.08% | 12.3 Pips |  |
||
| March | 1.05% | 158.1 Pips | |
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Upcoming key events (London Time)
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What happened lately
🇺🇸 U.S. Housing Price Index (1-mth) in January dropped to -0.1% compared to previous figure 0.1% in December 🇺🇸 U.S. Durable Goods Orders in February rose to -6.1% compared to previous figure -6.9% (revised from -6.1%) Source: Census Bureau 🇺🇸 U.S. New-Home Sales Change (1-mth) in February dropped to -0.3% compared to previous figure 1.7, revised from 1.5% in January
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What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.1% to 151.55. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 151.7 with break above could target R2 at 151.85. While towards the downside, we are looking at daily low of 151.20 as an important support. Break below this level could weaken the current bullish momentum. A break above 151.60 would suggest bullish bias after recent positive movement.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
| R3 | 152.1 |
| R2 | 151.85 |
| R1 | 151.7 |
| Daily Pivot | 151.45 |
| S1 | 151.3 |
| S2 | 151.05 |
| S3 | 150.9 |
