Technical analysis USDJPY for 06.09.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed up, while blue is directed down. 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 140.05. The closest resistance is the level 140.68
Key levels
- 142.00, 141.47, 140.68, 140.05, 139.05, 138.05
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 140.68, with Take Profit of 141.47 and Stop Loss of 140.05
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 140.05, with Take Profit of 139.05 and Stop Loss of 140.68
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.