Technical analysis USDJPY for 18.03.2022

18.03.2022 16:26
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 resistance is the level 119.805. The closest support is the level 118.995

Key levels

  • 120.825, 120.340, 119.805, 118.995, 118.350, 117.900, 117.165, 116.700, 116.200

Trading scenario

  • Recommended opening long positions (Buy) at the current price, with Take Profit of 119.805 and Stop Loss of 118.995

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 119.805, with Take Profit of 120.340 and Stop Loss of 119.505
Guión
Recomendación
BUY

Punto de entrada

Take Profit
119.805

Stop Loss
118.995

Niveles clave
120.825, 120.340, 119.805, 118.995, 118.350, 117.900, 117.165, 116.700, 116.200
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
119.805

Take Profit
120.340

Stop Loss
119.505