USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.03% | 4.5 Pips |  |
||
| Week to-date | 0.01% | 1 Pips |  |
||
| July | -1.61% | -258.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Retail Trade Control Group in June rose to 0.9% compared to previous figure 0.4% in May Source: Census Bureau
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What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.03% to 158.33. Price is below 9-Day EMA while Stochastic is falling.
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 158.76 with break above could target R2 at 159.19. While towards the downside, we are looking at daily low of 158.10 as an important support. Break below this level could weaken the current bullish momentum. A break above 158.86 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 | 159.52 |
| R2 | 159.19 |
| R1 | 158.76 |
| Daily Pivot | 158.43 |
| S1 | 158 |
| S2 | 157.67 |
| S3 | 157.24 |