Technical analysis USDJPY for 24.02.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 114.55. The closest resistance is the level 114.90
Key levels
- 116.30, 115.65, 115.25, 114.90, 114.55, 114.15, 113.50
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 114.90, with Take Profit of 114.15 and Stop Loss of 115.25
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 115.25, with Take Profit of 116.30 and Stop Loss of 114.90
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.