Technical analysis USDJPY for 29.06.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 137.000. The closest support is the level 136.280
Key levels
- 138.340, 137.790, 137.000, 136.280, 135.450, 134.980
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 137.000, with Take Profit of 137.790 and Stop Loss of 136.600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 136.280, with Take Profit of 135.450 and Stop Loss of 136.600