Technical analysis EURJPY for 24.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 136.50. The closest resistance is the level 137.30
Key levels
- 138.30, 137.30, 136.50, 135.45, 134.60, 133.95, 132.75
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 137.30, with Take Profit of 138.30 and Stop Loss of 136.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 136.50, with Take Profit of 135.45 and Stop Loss of 137.30
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.