USDJPY on Monday rose 0.14% to 150.69. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
Monday0.14%21.8 Pips
Week to-date0.14%21.8 Pips
February2.59%380.2 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD GDP Annualized

What happened lately

No major activities.

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What can we expect from USDJPY today?

USDJPY on Monday rose 0.14% to 150.69. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 150.37 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 150.84 or trades above daily pivot 150.61. While to the downside, the daily low of 150.29 and 150.37 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 150.84 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:

Daily Pivot150.61

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