Technical analysis USDJPY for 03.03.2022

03.03.2022 16:28
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. 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 115.65. The closest resistance is the level 116.35

Key levels

  • 117.00, 116.35, 115.65, 115.25, 114.90, 114.55, 114.15, 113.45

Trading scenario

  • Recommended opening long positions (Buy) at the current price, with Take Profit of 116.35 and Stop Loss of 115.25

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 115.25, with Take Profit of 114.55 and Stop Loss of 115.65
Guión
Recomendación
BUY

Punto de entrada

Take Profit
116.35

Stop Loss
115.25

Niveles clave
117.00, 116.35, 115.65, 115.25, 114.90, 114.55, 114.15, 113.45
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
115.25

Take Profit
114.55

Stop Loss
115.65