Technical analysis USDJPY for 11.01.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument adjusted to the Kijun-sen line. The closest support is the level 115.450. The closest resistance is the level 115.825
Key levels
- 116.250, 115.825, 115.450, 115.175, 114.900, 114.625, 114.300, 114.025, 113.675, 113.325
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 115.450, with Take Profit of 115.175 and Stop Loss of 115.680
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 115.825, with Take Profit of 116.250 and Stop Loss of 115.450
Scenario
Recommendation
SELL STOP
Entry Point
115.450
Take Profit
115.175
Stop Loss
115.680
Key Levels
116.250, 115.825, 115.450, 115.175, 114.900, 114.625, 114.300, 114.025, 113.675, 113.325
Alternative scenario
Recommendation
BUY STOP
Entry Point
115.825
Take Profit
116.250
Stop Loss
115.450
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.