USDJPY Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | 0.01% | 1.0 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 with a marginal gain of 0.01% on Tuesday, ending at 157.37000. The daily outlook remains mixed, with the price trading above the 9-day EMA and the stochastic indicator rising in the overbought zone.
📈 Bull Scenario A bullish scenario for USDJPY could be triggered if the pair breaks above the daily high of 157.77000. Traders should watch for a potential test of the first resistance level at 157.83, with further upside momentum possibly reaching the second resistance at 158.28. | 📉 Bear Scenario Conversely, a bearish move might occur if USDJPY falls below the daily pivot of 157.31. In this case, the first support level at 156.86 could be tested, and a further decline might see the pair targeting the second support at 156.34. |
Key levels to watch out:
| R3 | 158.8 |
| R2 | 158.28 |
| R1 | 157.83 |
| Daily Pivot | 157.31 |
| S1 | 156.86 |
| S2 | 156.34 |
| S3 | 155.89 |