Technical analysis USDJPY for 24.11.2021
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 114.955. The closest resistance is the level 116.075
Key levels
- 116.850, 116.075, 114.955, 114.450, 114.125, 113.845, 113.575, 113.250, 112.750, 112.325
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 116.075 and Stop Loss of 114.955
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 116.075, with Take Profit of 114.450 and Stop Loss of 116.520