Technical analysis USDJPY for 09.09.2022
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 143.65. The closest resistance is the level 144.80
Key levels
- 148.55, 147.40, 146.15, 144.80, 143.65, 142.35, 141.05, 139.95
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 144.80, with Take Profit of 146.15 and Stop Loss of 143.65
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 143.65, with Take Profit of 142.35 and Stop Loss of 144.80
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.