Technical analysis USDJPY for 23.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 133.150. The closest support is the level 131.710

Key levels

• 135.080, 134.020, 133.150, 131.710, 130.810, 130.010

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 133.150, with Take Profit of 134.020 and Stop Loss of 132.400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 131.710, with Take Profit of 130.810 and Stop Loss of 132.400