Technical analysis USDJPY for 04.02.2022
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 ascending. Instrument adjusted to the upper border of the cloud. The closest support is the level 114.85. The closest resistance is the level 115.15
Key levels
- 117.00, 116.60, 116.15, 115.65, 115.15, 114.85, 114.65, 114.30, 114.00, 113.50
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 114.85, with Take Profit of 115.65 and Stop Loss of 114.60
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 115.65, with Take Profit of 115.15 and Stop Loss of 116.15
Scenario
Recommendation
BUY LIMIT
Entry Point
114.85
Take Profit
115.65
Stop Loss
114.60
Key Levels
117.00, 116.60, 116.15, 115.65, 115.15, 114.85, 114.65, 114.30, 114.00, 113.50
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
115.65
Take Profit
115.15
Stop Loss
116.15
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.