Technical analysis USDJPY for 01.06.2022
01.06.2022 02:24
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 128.25. The closest resistance is the level 128.85
Key levels
- 131.30, 130.20, 129.45, 128.85, 128.25, 127.50, 126.65
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 128.85, with Take Profit of 129.45 and Stop Loss of 128.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 128.25, with Take Profit of 127.50 and Stop Loss of 128.85
Scenario
Recommendation
BUY STOP
Entry Point
128.85
Take Profit
129.45
Stop Loss
128.50
Key Levels
131.30, 130.20, 129.45, 128.85, 128.25, 127.50, 126.65
Alternative scenario
Recommendation
SELL STOP
Entry Point
128.25
Take Profit
127.50
Stop Loss
128.85