USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.66% | -95 Pips |  |
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| Week to-date | -0.13% | -18.199 Pips |  |
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| September | -1.78% | -258.6 Pips | |
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What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.66% to 142.30. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bearish as the pair posted lower in Tuesday trading session.
Looking ahead for the day, immediate support level is at 141.76 (S1) with break below could see further selling pressure towards 141.22 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 143.71 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 142.19 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 | 144.8 |
| R2 | 144.25 |
| R1 | 143.28 |
| Daily Pivot | 142.74 |
| S1 | 141.76 |
| S2 | 141.22 |
| S3 | 140.24 |