|Performance after Tuesday|
|Week to-date||1.41%||200.5 Pips|
Upcoming key events (London Time)
Thu 01:30 PM USD Retail Sales (MoM)
Thu 01:30 PM USD Retail Sales Control Group
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Tuesday rose 1.23% to 144.57. Price is above 9-Day EMA while Stochastic is falling but in overbought zone.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level we are looking at 145.82 (R1) while on the downside, we are looking at daily low of 141.60 as an important support. Break below this level could weaken the current bullish momentum. USDJPY need to break on either side to indicate a short-term bias. A break above 144.96 would suggest bullish bias after recent positive movement.
For the week to-date, take note that USDJPY is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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Last updated: 12:37 am UTC, 14-Sep 2022
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