Technical analysis USDJPY for 10.02.2023
The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red remains horizontal. 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 resistance is the level 132.240. The closest support is the level 130.620
Key levels
- 133.890, 133.020, 132.240, 130.620, 129.360, 128.360
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 132.240, with Take Profit of 133.020 and Stop Loss of 131.430
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 130.620, with Take Profit of 129.360 and Stop Loss of 131.430
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.