Technical analysis USDJPY for 24.10.2024

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

Key levels

151.799, 152.056, 152.504, 152.735, 153.077

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 152.056, with Take Profit of 153.077 and Stop Loss of 151.799

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 152.735, with Take Profit of 153.077 and Stop Loss of 151.799