Technical analysis USDJPY for 19.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 125.700. The closest resistance is the level 127.300
Key levels
- 130.250, 128.825, 127.300, 125.700, 123.650, 122.100, 120.400
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 128.825 and Stop Loss of 125.700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 125.700, with Take Profit of 123.650 and Stop Loss of 126.310
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.