Technical analysis USDJPY for 12.01.2024
12.01.2024 01:01
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 crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 146.240. The closest support is the level 144.430
Key levels
- 148.200, 147.290, 146.240, 144.430, 143.430, 142.550
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 146.240, with Take Profit of 147.290 and Stop Loss of 145.300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 144.430, with Take Profit of 143.430 and Stop Loss of 145.300
Scenario
Recommendation
BUY STOP
Entry Point
146.240
Take Profit
147.290
Stop Loss
145.300
Key Levels
148.200, 147.290, 146.240, 144.430, 143.430, 142.550
Alternative scenario
Recommendation
SELL STOP
Entry Point
144.430
Take Profit
143.430
Stop Loss
145.300