Technical analysis USDJPY for 14.11.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 resistance is the level 140.100. The closest support is the level 138.520
Key levels
- 141.840, 141.000, 140.100, 138.520, 137.570, 136.580
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 140.100, with Take Profit of 141.000 and Stop Loss of 139.350
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 138.520, with Take Profit of 137.570 and Stop Loss of 139.350
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.