Technical analysis USDJPY for 07.01.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively.
Key levels
- 117.25, 116.85, 116.30, 115.50, 114.85, 114.45, 114.10, 113.75, 113.35, 112.70
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 116.300, with Take Profit of 117.250 and Stop Loss of 115.90
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 115.50, with Take Profit of 114.85 and Stop Loss of 115.60