Technical analysis USDJPY for 20.11.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support is the top of the cloud

Key levels

153.468, 154.294, 154.711, 155.004, 155.964

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 155.004, with Take Profit of 155.964 and Stop Loss of 154.711

Alternative scenario

Recommended opening long positions (Buy Limit) from the level of 154.711, with Take Profit of 155.964 and Stop Loss of 154.294