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. 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