Technical analysis USDJPY for 22.01.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above 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 146.900. The closest support is the level 148.970

Key levels

• 150.350, 149.630, 148.970, 146.900, 145.880, 144.550

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 146.900, with Take Profit of 145.880 and Stop Loss of 148.100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 148.970, with Take Profit of 149.630 and Stop Loss of 148.100