Technical analysis USDJPY for 19.12.2024
19.12.2024 14:19
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.56408. The closest resistance is the level 0.56715
Key levels
0.56128, 0.56408, 0.56715, 0.57125, 0.57556
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 0.56408, with Take Profit of 0.57556 and Stop Loss of 0.56128
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 0.57125, with Take Profit of 0.56128 and Stop Loss of 0.57556
Scenario
Recommendation
BUY LIMIT
Entry Point
0.56408
Take Profit
0.57556
Stop Loss
0.56128
Key Levels
0.56128, 0.56408, 0.56715, 0.57125, 0.57556
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
0.57125
Take Profit
0.56128
Stop Loss
0.57556