Technical analysis USDJPY for 31.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 is the level 152.850. The closest resistance is the level 153.900

Key levels

• 155.200, 153.900, 152.850, 152.000, 150.925

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 152.850, with Take Profit of 153.900 and Stop Loss of 152.000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 152.000, with Take Profit of 150.925 and Stop Loss of 152.850