Technical analysis USDJPY for 27.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument has broken through the upper border of the cloud and continued to grow. The closest resistance is the level 128.640. The closest support is the level 127.890

Key levels

• 130.010, 129.310, 128.640, 127.890, 126.990, 126.040

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 128.640, with Take Profit of 129.310 and Stop Loss of 126.000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 127.890, with Take Profit of 126.990 and Stop Loss of 126.000