Technical analysis USDJPY for 28.02.2024

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above 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 150.800. The closest support is the level 150.000

Key levels

151.500, 151.000, 150.800, 150.000, 149.440, 148.640

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 150.800, with Take Profit of 151.000 and Stop Loss of 150.400

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 150.000, with Take Profit of 149.440 and Stop Loss of 150.400