USDJPY Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.2602% | -41.0 Pips | ▼ |
| Week to-date | -0.2602% | -41.0 Pips | ▼ |
| August | -0.2602% | -41.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDJPY today?
The USDJPY pair is experiencing a bearish trend as it opens the week with a slight decline of 0.2602%, closing at 157.16000. Traders are closely watching the pair’s movement around the daily pivot of 156.75.
📈 Bull Scenario For a bullish scenario, USDJPY would need to break above the daily high of 157.88000. If momentum continues, traders should watch for resistance at R1, 158.29, and further at R2, 159.42. A move above these levels could signal a shift in the current bearish sentiment. | 📉 Bear Scenario In a bearish scenario, a drop below the daily low of 155.21000 could trigger further declines. Support levels to monitor are S1 at 155.62 and S2 at 154.08. A sustained move below these support levels could reinforce the weekly bearish outlook. |
Key levels to watch out:
| R3 | 160.96 |
| R2 | 159.42 |
| R1 | 158.29 |
| Daily Pivot | 156.75 |
| S1 | 155.62 |
| S2 | 154.08 |
| S3 | 152.95 |