USDJPY on Monday rose 0.10% to 134.24. Pair in consolidation. How it happened.



Monday
Open High Low Close
134.29 134.54 133.92 134.24
Performance after Monday
Period Pct Chg Momentum
Monday 0.10% 12.8 Pips
Week to-date 0.10% 12.8 Pips
February 3.19% 415.2 Pips

Upcoming key events (London Time)

Wed 03:00 PM JPY The Emperor’s Birthday
Wed 07:00 PM USD FOMC Minutes

What happened lately

No major activities.


What can we expect from USDJPY today?

USDJPY on Monday rose 0.10% to 134.24. Price is above 9-Day EMA while Stochastic is falling but in overbought zone.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 133.93 (S1).

Looking ahead today, we are looking at 135.12 or 134.55 (R1) as important resistance level while to the downside, the daily low of 133.92 and 133.93 (S1) as key support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 134.54 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:

R3 135.17
R2 134.85
R1 134.55
Daily Pivot 134.23
S1 133.93
S2 133.61
S3 133.31

You might also be interested in:

No major reports.

Last updated: 11:39 pm UTC, 20-Feb 2023

#USDJPY Trending on Twitter

Twitter feed is not available at the moment.

Leave a comment

Your email address will not be published. Required fields are marked *