Technical analysis USDJPY for 24.11.2021
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
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 114.955. The closest resistance is the level 116.075
Key levels
- 116.850, 116.075, 114.955, 114.450, 114.125, 113.845, 113.575, 113.250, 112.750, 112.325
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 116.075 and Stop Loss of 114.955
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 116.075, with Take Profit of 114.450 and Stop Loss of 116.520
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.