Technical analysis USDJPY for 27.12.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 support is the level 132.200. The closest resistance is the level 132.925

Key levels
- 135.100, 133.950, 132.925, 132.200,131.225
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 132.925, with Take Profit of 133.950 and Stop Loss of 132.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 132.200, with Take Profit of 131.225 and Stop Loss of 132.925