USDJPY on Monday dropped -0.17% to 146.77. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
PeriodPctChgMomentum
Monday-0.17%-25.6 Pips
Week to-date-0.17%-25.6 Pips
March-2.13%-319.7 Pips

Upcoming key events (London Time)

Tue 12:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

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What can we expect from USDJPY today?

USDJPY on Monday dropped -0.17% to 146.77. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 146.46 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 147.15 or trades above daily pivot 146.8. While to the downside, the daily low of 146.48 and 146.46 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 146.48 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:

R3147.78
R2147.47
R1147.12
Daily Pivot146.8
S1146.46
S2146.14
S3145.79

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