Technical analysis USDJPY for 17.01.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 114.300. The closest resistance is the level 114.625
Key levels
- 116.250, 115.800, 115.450, 115.175, 114.900, 114.625, 114.300, 114.025, 113.675,113.325
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 114.300, with Take Profit of 114.025 and Stop Loss of 114.490
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 114.625, with Take Profit of 114.900 and Stop Loss of 114.350
Scenario
Recommendation
SELL STOP
Entry Point
114.300
Take Profit
114.025
Stop Loss
114.490
Key Levels
116.250, 115.800, 115.450, 115.175, 114.900, 114.625, 114.300, 114.025, 113.675,113.325
Alternative scenario
Recommendation
BUY STOP
Entry Point
114.625
Take Profit
114.900
Stop Loss
114.350