Technical analysis USDJPY for 28.03.2022
28.03.2022 17:08
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 123.15. The closest resistance is the level 123.80
Key levels
- 125.75, 124.65, 123.80, 123.15, 122.50, 121.60, 120.82, 120.00
Trading scenario
- Recommended opening short positions (Buy Limit) from the level of 123.80, with Take Profit of 124.65 and Stop Loss of 123.15
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 123.15, with Take Profit of 121.60 and Stop Loss of 122.50
Scenario
Recommendation
BUY LIMIT
Entry Point
123.80
Take Profit
124.65
Stop Loss
123.15
Key Levels
125.75, 124.65, 123.80, 123.15, 122.50, 121.60, 120.82, 120.00
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
123.15
Take Profit
121.60
Stop Loss
122.50