Technical analysis USDJPY for 19.12.2024
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.56408. The closest resistance is the level 0.56715
Key levels
0.56128, 0.56408, 0.56715, 0.57125, 0.57556
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 0.56408, with Take Profit of 0.57556 and Stop Loss of 0.56128
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 0.57125, with Take Profit of 0.56128 and Stop Loss of 0.57556
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.