Technical analysis USDJPY for 13.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Both lines are 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 support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

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

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 113.350, with Take Profit of 113.750 and Stop Loss of 113.100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 113.088, with Take Profit of 112.750 and Stop Loss of 113.350