Technical analysis USDJPY for 22.09.2022
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 141.525. The closest resistance is the level 142.200
Key levels
- 144.389, 143.335, 142.200, 141.525, 140.225
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 142.200, with Take Profit of 143.335 and Stop Loss of 141.525
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 141.525, with Take Profit of 140.225 and Stop Loss of 142.200
Scenario
Recommendation
BUY STOP
Entry Point
142.200
Take Profit
143.335
Stop Loss
141.525
Key Levels
144.389, 143.335, 142.200, 141.525, 140.225
Alternative scenario
Recommendation
SELL STOP
Entry Point
141.525
Take Profit
140.225
Stop Loss
142.200
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.