Technical analysis USDJPY for 21.12.2021
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 113.925. The closest support is the level 113.480
Key levels
- 115.500, 115.225, 114.900, 114.650, 114.265, 113.925, 113.480, 113.200, 112.750
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 113.925, with Take Profit of 114.265 and Stop Loss of 113.700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 113.480, with Take Profit of 113.200 and Stop Loss of 113.600
Scenario
Recommendation
BUY STOP
Entry Point
113.925
Take Profit
114.265
Stop Loss
113.700
Key Levels
115.500, 115.225, 114.900, 114.650, 114.265, 113.925, 113.480, 113.200, 112.750
Alternative scenario
Recommendation
SELL STOP
Entry Point
113.480
Take Profit
113.200
Stop Loss
113.600
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.