Technical analysis USDJPY for 23.02.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 150.750. The closest support is the level 149.990
Key levels
151.500, 151.000, 150.750, 149.990, 149.450, 148.700
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 150.750, with Take Profit of 151.000 and Stop Loss of 150.350
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 149.990, with Take Profit of 149.450 and Stop Loss of 150.350
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.