Technical analysis USDJPY for 17.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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

Key levels

• 146.867, 148.509, 149.254, 150.691, 151.769

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 148.509, with Take Profit of 151.769 and Stop Loss of 146.867

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 150.691, with Take Profit of 146.867 and Stop Loss of 151.769