Technical analysis USDJPY for 18.05.2022
18.05.2022 02:24
Intraday
Technical
The Tenkan-sen line is located above 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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 129.125. The closest resistance is the level 129.625
Key levels
- 131.250, 130.650, 130.225, 129.625, 129.125, 128.600, 127.950
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 129.625, with Take Profit of 130.225 and Stop Loss of 129.125
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 129.125, with Take Profit of 128.600 and Stop Loss of 129.625
Scenario
Recommendation
BUY STOP
Entry Point
129.625
Take Profit
130.225
Stop Loss
129.125
Key Levels
131.250, 130.650, 130.225, 129.625, 129.125, 128.600, 127.950
Alternative scenario
Recommendation
SELL STOP
Entry Point
129.125
Take Profit
128.600
Stop Loss
129.625