Technical analysis USDJPY for 17.10.2024
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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
Key levels
- 146.867, 148.509, 149.254, 150.691, 151.769
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 148.509, with Take Profit of 151.769 and Stop Loss of 146.867
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 150.691, with Take Profit of 146.867 and Stop Loss of 151.769
Scenario
Recommendation
BUY LIMIT
Entry Point
148.509
Take Profit
151.769
Stop Loss
146.867
Key Levels
146.867, 148.509, 149.254, 150.691, 151.769
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
150.691
Take Profit
146.867
Stop Loss
151.769
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.