Technical analysis USDJPY for 24.11.2021
24.11.2021 17:22
Intraday
Technical
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 114.955. The closest resistance is the level 116.075
Key levels
- 116.850, 116.075, 114.955, 114.450, 114.125, 113.845, 113.575, 113.250, 112.750, 112.325
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 116.075 and Stop Loss of 114.955
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 116.075, with Take Profit of 114.450 and Stop Loss of 116.520
Scenario
Recommendation
BUY
Entry Point
115.690
Take Profit
116.075
Stop Loss
114.955
Key Levels
116.850, 116.075, 114.955, 114.450, 114.125, 113.845, 113.575, 113.250, 112.750, 112.325
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
116.075
Take Profit
114.450
Stop Loss
116.520