Technical analysis USDJPY for 04.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 115.50. The closest resistance is the level 116.30
Key levels
- 117.25, 116.85, 116.30, 115.50, 114.85, 114.85, 114.45, 114.10, 113.75, 113.35, 112.70
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 115.50 and Stop Loss of 116.50
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 115.50, with Take Profit of 116.30 and Stop Loss of 114.85