Technical analysis USDJPY for 16.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 133.010. The closest support is the level 130.810

Key levels

• 134.270, 133.670, 133.010, 130.810, 130.360, 129.870

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 133.010, with Take Profit of 133.670 and Stop Loss of 131.930

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 130.810, with Take Profit of 130.360 and Stop Loss of 131.930