Technical analysis USDJPY for 16.10.2024
16.10.2024 05:42
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines
Key levels
147.5, 148.4, 149.55, 149.9, 150.7
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 148.4, with Take Profit of 150.7 and Stop Loss of 147.5
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 149.55, with Take Profit of 147.5 and Stop Loss of 149.9
Scenario
Recommendation
BUY LIMIT
Entry Point
148.4
Take Profit
150.7
Stop Loss
147.5
Key Levels
147.5, 148.4, 149.55, 149.9, 150.7
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
149.55
Take Profit
147.5
Stop Loss
149.9