Technical analysis USDJPY for 16.02.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 115.65. The closest resistance is the level 116.35
Key levels
- 117.00, 116.35, 115.65, 115.25, 114.90, 114.55, 114.15, 113.45
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 116.35 and Stop Loss of 115.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 115.25, with Take Profit of 114.55 and Stop Loss of 115.65