Technical analysis USDJPY for 09.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 113.350. The closest support is the level 112.750
Key levels
- 115.500, 114.850, 114.450, 113.750, 113.350, 112.750, 112.000, 111.400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 113.750, with Take Profit of 114.450 and Stop Loss of 113.350
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 113.350, with Take Profit of 112.750 and Stop Loss of 113.750
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.