Technical analysis USDJPY for 14.10.2024
14.10.2024 08:48
Intraday
Technical
The Tenkan-sen line is located above 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 above the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest resistance is the lower border of the cloud
Key levels
145.375, 147.282, 148.429, 148.876, 149.177
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 148.876, with Take Profit of 149.177 and Stop Loss of 148.429
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 148.429, with Take Profit of 147.282 and Stop Loss of 148.876
Scenario
Recommendation
BUY LIMIT
Entry Point
148.876
Take Profit
149.177
Stop Loss
148.429
Key Levels
145.375, 147.282, 148.429, 148.876, 149.177
Alternative scenario
Recommendation
SELL STOP
Entry Point
148.429
Take Profit
147.282
Stop Loss
148.876