Technical analysis EURJPY for 13.06.2022
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
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 141.275. The closest resistance is the level 142.125
Key levels
- 144.250, 142.925, 142.125, 141.275, 140.550, 139.825
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 141.275, with Take Profit of 142.125 and Stop Loss of 140.550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 140.550, with Take Profit of 139.825 and Stop Loss of 141.275
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.