Technical analysis USDJPY for 25.01.2024
25.01.2024 01:18
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 148.970. The closest support is the level 146.900
Key levels
- 150.350, 149.630, 148.970, 146.900, 145.880, 144.550
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 148.970, with Take Profit of 149.630 and Stop Loss of 147.850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 146.900, with Take Profit of 145.880 and Stop Loss of 147.850
Scenario
Recommendation
BUY STOP
Entry Point
148.970
Take Profit
149.630
Stop Loss
147.850
Key Levels
150.350, 149.630, 148.970, 146.900, 145.880, 144.550
Alternative scenario
Recommendation
SELL STOP
Entry Point
146.900
Take Profit
145.880
Stop Loss
147.850