Technical analysis USDJPY for 14.09.2022

Tenkan-sen and Kijun-sen lines are merged. 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 is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 143.80. The closest resistance is the level 145.00

Key levels

• 146.50, 145.00, 143.80, 142.60, 141.85

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 145.00, with Take Profit of 146.50 and Stop Loss of 143.80

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 143.80, with Take Profit of 142.600 and Stop Loss of 145.00