Technical analysis USDJPY for 03.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 115.100. The closest resistance is the level 115.450
Key levels
- 115.775, 115.450, 115.100, 114.750, 114.425, 114.130, 113.750, 113.300, 112.775
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 115.450, with Take Profit of 115.775 and Stop Loss of 115.100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 115.100, with Take Profit of 114.750 and Stop Loss of 115.450