USDJPY Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | 0.41% | 67.0 Pips | ▲ |
| Week to-date | 0.47% | 77.0 Pips | ▲ |
| July | 0.38% | 62.0 Pips | ▲ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDJPY today?
The USDJPY pair closed with a 0.41% gain on Tuesday, reaching 163.16000. The daily outlook remains bullish, supported by the price staying above the 9-day EMA.
📈 Bull Scenario A bullish scenario could unfold if USDJPY breaks above the immediate resistance at R1, 163.46. Further upward momentum might target R2 at 163.75, especially if the pair maintains its position above the daily pivot of 162.93. | 📉 Bear Scenario Conversely, a bearish scenario may develop if the pair falls below the daily pivot of 162.93, with the next support level at S1, 162.64. A further decline could test S2 at 162.11, particularly if the stochastic indicator continues to fall within the overbought zone. |
Key levels to watch out:
| R3 | 164.28 |
| R2 | 163.75 |
| R1 | 163.46 |
| Daily Pivot | 162.93 |
| S1 | 162.64 |
| S2 | 162.11 |
| S3 | 161.82 |