Technical analysis USDJPY for 07.10.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 144.400. The closest resistance is the level 145.025

Key levels
- 146.650, 145.875, 145.025, 144.400, 143.625
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 145.025, with Take Profit of 145.875 and Stop Loss of 144.400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 144.400, with Take Profit of 143.625 and Stop Loss of 145.025