Technical analysis USDJPY for 05.09.2024

 The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines

Key levels

-140.600, 143.100, 145.500, 147.800, 151.800

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 143.300, with Take Profit of 145.300 and Stop Loss of 141.600

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 145.400, with Take Profit of 143.200 and Stop Loss of 146.800