Technical analysis USDJPY for 16.06.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 133.010. The closest support is the level 130.810
Key levels
- 134.270, 133.670, 133.010, 130.810, 130.360, 129.870
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 133.010, with Take Profit of 133.670 and Stop Loss of 131.930
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 130.810, with Take Profit of 130.360 and Stop Loss of 131.930
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.