Technical analysis USDJPY for 01.11.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 149.340. The closest support is the level 148.110

Key levels
- 150.950, 149.930, 149.340, 148.110, 147.300, 146.600
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 149.340, with Take Profit of 149.930 and Stop Loss of 148.700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 148.110, with Take Profit of 147.300 and Stop Loss of 148.700