Technical analysis USDJPY for 17.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively

Key levels

149.201, 149.415, 149.450, 149.470, 149.520

Trading scenario

Recommended opening short positions (Sell) at the current price, with Take Profit of 149.450 and Stop Loss of 149.520

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 149.450, with Take Profit of 149.415 and Stop Loss of 149.520