Technical analysis USDJPY for 16.03.2022
16.03.2022 11:23
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 resistance is the level 118.35. The closest support is the level 117.80
Key levels
- 119.60, 118.90, 118.35, 117.80, 117.20, 116.70, 116.20, 115.75, 114.95
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 118.35, with Take Profit of 119.60 and Stop Loss of 117.80
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 119.60, with Take Profit of 118.35 and Stop Loss of 120.50
Scenario
Recommendation
BUY STOP
Entry Point
118.35
Take Profit
119.60
Stop Loss
117.80
Key Levels
119.60, 118.90, 118.35, 117.80, 117.20, 116.70, 116.20, 115.75, 114.95
Alternative scenario
Recommendation
SELL STOP
Entry Point
117.80
Take Profit
116.70
Stop Loss
118.35