Technical analysis USDJPY for 16.02.2022
16.02.2022 11:29
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 115.65. The closest resistance is the level 116.35
Key levels
- 117.00, 116.35, 115.65, 115.25, 114.90, 114.55, 114.15, 113.45
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 116.35 and Stop Loss of 115.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 115.25, with Take Profit of 114.55 and Stop Loss of 115.65
Scenario
Recommendation
BUY
Entry Point
Take Profit
116.35
Stop Loss
115.25
Key Levels
117.00, 116.35, 115.65, 115.25, 114.90, 114.55, 114.15, 113.45
Alternative scenario
Recommendation
SELL STOP
Entry Point
115.25
Take Profit
114.55
Stop Loss
115.65