Technical analysis USDJPY for 12.09.2024

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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines

Key levels

137.880,140.600, 145.500, 147.800, 151.800

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 140.690, with Take Profit of 147.900 and Stop Loss of 139.880