Technical analysis USDJPY for 24.02.2022
24.02.2022 10:39
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 114.55. The closest resistance is the level 114.90
Key levels
- 116.30, 115.65, 115.25, 114.90, 114.55, 114.15, 113.50
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 114.90, with Take Profit of 114.15 and Stop Loss of 115.25
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 115.25, with Take Profit of 116.30 and Stop Loss of 114.90
Scenario
Recommendation
SELL LIMIT
Entry Point
114.90
Take Profit
114.15
Stop Loss
115.25
Key Levels
116.30, 115.65, 115.25, 114.90, 114.55, 114.15, 113.50
Alternative scenario
Recommendation
BUY STOP
Entry Point
115.25
Take Profit
116.30
Stop Loss
114.90