USDJPY on Tuesday rose 0.11% to 149.86. Pair in consolidation. What we know.
|Performance after Tuesday|
|Week to-date||0.02%||2.6 Pips|
Upcoming key events (London Time)
Wed 09:35 PM USD Federal Reserve Chair Jerome Powell speech
Thu 01:30 PM USD GDP Annualized
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.11% to 149.86. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 149.47 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 149.93 or trades above daily pivot 149.7. While to the downside, the daily low of 149.32 and 149.47 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 149.93 would suggest bullish bias after recent positive movement.
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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