Technical analysis USDJPY for 25.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, 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 support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively

Key levels

151.147, 151.575, 151.845, 152.115, 152.847

Trading scenario

Recommended opening short positions (Sell Limit) from the level of 152.115, with Take Profit of 151.147 and Stop Loss of 152.847

Alternative scenario

Recommended opening short positions (Sell) at the current price, with Take Profit of 151.147 and Stop Loss of 152.847