Technical analysis USDJPY for 05.09.2024
05.09.2024 12:06
Intraday
Technical
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
Scenario
Recommendation
BUY LIMIT
Entry Point
143.300
Take Profit
145.300
Stop Loss
141.600
Key Levels
-140.600, 143.100, 145.500, 147.800, 151.800
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
145.400
Take Profit
143.200
Stop Loss
146.800