Forex

USDJPY on Monday dropped -0.86% to 148.28. Looking bearish. What we know.

USDJPY on Monday dropped -0.86% to 148.28. Looking bearish. What we know.
USDJPY on Monday dropped -0.86% to 148.28.  Looking bearish. What we know.

USDJPY Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.86% -128.6 Pips
Week to-date -0.86% -128.6 Pips
November -2.21% -335.1 Pips

Upcoming key events (London Time)

Tue 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from USDJPY today?

USDJPY on Monday dropped -0.86% to 148.28. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDJPY looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at 147.59 (S1) with break below could see further selling pressure towards 146.9 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 149.99 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 148.10 would indicate selling pressure.

For the week to-date, take note that USDJPY is bearish as the pair posted lower by -0.86%.

Key levels to watch out:

R3 151.36
R2 150.67
R1 149.48
Daily Pivot 148.79
S1 147.59
S2 146.9
S3 145.7

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