Technical analysis USDJPY for 18.03.2022
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. The closest resistance is the level 119.805. The closest support is the level 118.995
Key levels
- 120.825, 120.340, 119.805, 118.995, 118.350, 117.900, 117.165, 116.700, 116.200
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 119.805 and Stop Loss of 118.995
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 119.805, with Take Profit of 120.340 and Stop Loss of 119.505