Technical analysis USDJPY for 12.01.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 146.240. The closest support is the level 144.430

Key levels

• 148.200, 147.290, 146.240, 144.430, 143.430, 142.550

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 146.240, with Take Profit of 147.290 and Stop Loss of 145.300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 144.430, with Take Profit of 143.430 and Stop Loss of 145.300