Technical analysis USDJPY for 17.10.2024

17.10.2024 21:21
Intraday
Technical

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

Scenario
Recommendation
BUY LIMIT

Entry Point
148.509

Take Profit
151.769

Stop Loss
146.867

Key Levels
146.867, 148.509, 149.254, 150.691, 151.769
Alternative scenario
Recommendation
SELL LIMIT

Entry Point
150.691

Take Profit
146.867

Stop Loss
151.769