Technical analysis USDJPY for 25.02.2022
The Tenkan-sen line approaches below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line approaches below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 115.100. The closest resistance is the level 115.400
Key levels
- 116.150, 115.800, 115.400, 115.100, 114.825, 114.500, 114.150
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 115.100, with Take Profit of 114.825 and Stop Loss of 115.235
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 115.800, with Take Profit of 116.150 and Stop Loss of 115.625
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.