USDJPY Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.16% | 26.0 Pips | ▲ |
| Week to-date | 0.16% | 26.0 Pips | ▲ |
| June | 1.43% | 228.0 Pips | ▲ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDJPY today?
The USDJPY pair is showing a bullish daily outlook with a slight increase of 0.16% in its performance. The pair closed at 161.54000, with a daily high of 161.92000 and a low of 161.06000.
📈 Bull Scenario A bullish scenario for USDJPY could be triggered if the pair continues to trade above the 9-day EMA, supported by the rising stochastic indicator. Traders should watch for a break above the first resistance level (R1) at 161.95, which could pave the way for further gains towards the second resistance level (R2) at 162.37. | 📉 Bear Scenario Conversely, a bearish scenario may unfold if USDJPY fails to maintain its position above the daily pivot of 161.51 and moves below the first support level (S1) at 161.09. A further decline could see the pair testing the second support level (S2) at 160.65, indicating a potential shift in momentum. |
Key levels to watch out:
| R3 | 162.81 |
| R2 | 162.37 |
| R1 | 161.95 |
| Daily Pivot | 161.51 |
| S1 | 161.09 |
| S2 | 160.65 |
| S3 | 160.23 |