Technical analysis USDJPY for 22.11.2021
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively
Key levels
- 114.950, 114.43, 114.1, 113.845, 113.58,113.25, 112.72
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 114.43 and Stop Loss of 114.43
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 114.06, with Take Profit of 113.845 and Stop Loss of 113.845