Technical analysis USDJPY for 29.12.2021
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 support is the level 114.80. The closest resistance is the level 115.15
Key levels
- 115.50, 115.15, 114.80, 114.35, 114.00, 113.60, 113.20, 112.55
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 115.50 and Stop Loss of 114.80
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 114.80, with Take Profit of 114.35 and Stop Loss of 115.15