Technical analysis USDJPY for 23.02.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 150.750. The closest support is the level 149.990

Key levels

151.500, 151.000, 150.750, 149.990, 149.450, 148.700

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 150.750, with Take Profit of 151.000 and Stop Loss of 150.350

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 149.990, with Take Profit of 149.450 and Stop Loss of 150.350