Technical analysis USDJPY for 21.12.2021

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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 113.925. The closest support is the level 113.480

Key levels

• 115.500, 115.225, 114.900, 114.650, 114.265, 113.925, 113.480, 113.200, 112.750

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 113.925, with Take Profit of 114.265 and Stop Loss of 113.700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 113.480, with Take Profit of 113.200 and Stop Loss of 113.600