Technical analysis USDJPY for 14.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 115.25. The closest resistance is the level 115.65

Key levels

• 117.00, 116.35, 115.65, 115.25, 114.90, 114.55, 114.15, 113.45

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 115.65, with Take Profit of 114.90 and Stop Loss of 115.90

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 114.90, with Take Profit of 115.25 and Stop Loss of 114.55