Technical analysis USDJPY for 15.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. 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 125.70. The closest resistance is the level 126.30

Key levels

• 127.40, 126.85, 126.30, 125.70, 125.10, 124.10

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 125.70, with Take Profit of 126.85 and Stop Loss of 125.10

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 125.10, with Take Profit of 124.20 and Stop Loss of 125.70