Technical analysis USDJPY for 22.10.2024
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 and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively
Key levels
147.947, 149.259, 149.981, 150.090, 150.717
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 150.090, with Take Profit of 150.717 and Stop Loss of 149.259
Alternative scenario
Recommended opening long positions (Buy) at the current price, with Take Profit of 150.717 and Stop Loss of 149.981
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.