Technical analysis USDJPY for 28.01.2022

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 115.15. The closest resistance is the level 115.65

Key levels

• 117.00, 116.60, 116.15, 115.65, 115.15, 114.85, 114.65, 114.30, 114.00, 113.50

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 116.15 and Stop Loss of 115.15

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 116.15, with Take Profit of 115.60 and Stop Loss of 116.60