USDJPY Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.32% | 50.0 Pips | ▲ |
| Week to-date | 0.32% | 50.0 Pips | ▲ |
| September | -1.48% | -237.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDJPY today?
The USDJPY pair closed Monday with a 0.32% gain at 157.36000, showing a mixed daily outlook. Traders are watching for potential movements as the pair remains above its 9-day EMA, with the stochastic indicator rising in the overbought zone.
📈 Bull Scenario If bullish momentum continues, a break above the daily high of 157.52000 could lead the pair to test the first resistance level at 157.73. Further upward movement might target the second resistance level at 158.11, especially if the pair maintains its position above the 9-day EMA. | 📉 Bear Scenario On the downside, a reversal could occur if the pair falls below the daily pivot of 157.15. In this scenario, traders should watch for a move towards the first support level at 156.77, with further declines potentially testing the second support level at 156.19. |
Key levels to watch out:
| R3 | 158.69 |
| R2 | 158.11 |
| R1 | 157.73 |
| Daily Pivot | 157.15 |
| S1 | 156.77 |
| S2 | 156.19 |
| S3 | 155.81 |