Technical analysis USDJPY for 14.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest resistance is the lower border of the cloud

Key levels

145.375, 147.282, 148.429, 148.876, 149.177

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 148.876, with Take Profit of 149.177 and Stop Loss of 148.429

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 148.429, with Take Profit of 147.282 and Stop Loss of 148.876