Technical analysis USDJPY for 08.12.2022
08.12.2022 01:01
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 137.630. The closest support is the level 135.670
Key levels
- 139.670, 138.720, 137.630, 135.670, 134.550, 133.520
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 137.630, with Take Profit of 138.720 and Stop Loss of 136.500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 135.670, with Take Profit of 134.550 and Stop Loss of 136.500
Scenario
Recommendation
BUY STOP
Entry Point
137.630
Take Profit
138.720
Stop Loss
136.500
Key Levels
139.670, 138.720, 137.630, 135.670, 134.550, 133.520
Alternative scenario
Recommendation
SELL STOP
Entry Point
135.670
Take Profit
134.550
Stop Loss
136.500