Technical analysis USDJPY for 16.10.2024
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 traded between Tenkan-se and Kijun-sen lines
Key levels
147.5, 148.4, 149.55, 149.9, 150.7
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 148.4, with Take Profit of 150.7 and Stop Loss of 147.5
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 149.55, with Take Profit of 147.5 and Stop Loss of 149.9
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.