Technical analysis USDJPY for 12.11.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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. The closest support is the level 153.849. The closest resistance is the level 155

Key levels

151.967, 153.045, 153.849, 155, 156.307

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 153.045, with Take Profit of 156.307 and Stop Loss of 151.967

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 155, with Take Profit of 151.967 and Stop Loss of 156.307