Technical analysis USDJPY for 11.01.2022

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 turned over from ascending to descending. Instrument adjusted to the Kijun-sen line. The closest support is the level 115.450. The closest resistance is the level 115.825

Key levels

• 116.250, 115.825, 115.450, 115.175, 114.900, 114.625, 114.300, 114.025, 113.675, 113.325

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 115.450, with Take Profit of 115.175 and Stop Loss of 115.680

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 115.825, with Take Profit of 116.250 and Stop Loss of 115.450