Technical analysis USDJPY for 24.10.2024
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
151.799, 152.056, 152.504, 152.735, 153.077
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 152.056, with Take Profit of 153.077 and Stop Loss of 151.799
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 152.735, with Take Profit of 153.077 and Stop Loss of 151.799
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.