Technical analysis USDJPY for 22.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 resistance is the level 129.310. The closest support is the level 128.640

Key levels

• 130.920, 130.010, 129.310, 128.640, 127.890, 126.990

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 129.310, with Take Profit of 130.010 and Stop Loss of 128.900

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 128.640, with Take Profit of 127.890 and Stop Loss of 128.900