Technical analysis USDJPY for 04.01.2022
04.01.2022 17:16
Intraday
Technical
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 support is the level 115.50. The closest resistance is the level 116.30
Key levels
- 117.25, 116.85, 116.30, 115.50, 114.85, 114.85, 114.45, 114.10, 113.75, 113.35, 112.70
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 115.50 and Stop Loss of 116.50
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 115.50, with Take Profit of 116.30 and Stop Loss of 114.85
Scenario
Recommendation
SELL
Entry Point
Take Profit
115.50
Stop Loss
116.50
Key Levels
117.25, 116.85, 116.30, 115.50, 114.85, 114.85, 114.45, 114.10, 113.75, 113.35, 112.70
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
115.50
Take Profit
116.30
Stop Loss
114.85