USDJPY on Monday dropped -0.02% to 134.07. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||-0.02%||-2.9 Pips|
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What happened lately
🇺🇸 Chicago Fed National Activity Index in March unchanged at -0.19 points compared to previous report in February.
What can we expect from USDJPY today?
USDJPY on Monday dropped -0.02% to 134.07. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 133.73 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 134.73 or trades above daily pivot 134.23. While to the downside, the daily low of 133.89 and 133.73 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 133.89 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
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