Technical analysis USDJPY for 19.04.2022

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 125.700. The closest resistance is the level 127.300

Key levels

• 130.250, 128.825, 127.300, 125.700, 123.650, 122.100, 120.400

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 128.825 and Stop Loss of 125.700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 125.700, with Take Profit of 123.650 and Stop Loss of 126.310