Technical analysis USDJPY for 29.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 137.60. The closest resistance is the level 138.10

Key levels
- 138.85, 138.10, 137.60, 137.22, 136.82, 136.33, 135.56
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 138.10, with Take Profit of 138.85 and Stop Loss of 137.60
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 137.60, with Take Profit of 136.82 and Stop Loss of 138.10