Technical analysis USDJPY for 15.11.2024
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
156.307, 155.000, 153.849, 153.045, 151.967
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 153.045, with Take Profit of 156.307 and Stop Loss of 151.967
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 155.000, with Take Profit of 151.967 and Stop Loss of 156.307
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.