Technical analysis USDJPY for 09.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 113.350. The closest support is the level 112.750

Key levels

• 115.500, 114.850, 114.450, 113.750, 113.350, 112.750, 112.000, 111.400

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 113.750, with Take Profit of 114.450 and Stop Loss of 113.350

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 113.350, with Take Profit of 112.750 and Stop Loss of 113.750