Technical analysis EURJPY for 25.10.2022
Intraday
Technical
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 is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 146.600. The closest resistance is the level 147.200
Key levels
- 149.350, 148.450, 147.200, 146.600, 145.400, 144.125
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 147.200, with Take Profit of 148.450 and Stop Loss of 146.600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 146.600, with Take Profit of 145.400 and Stop Loss of 147.200
Scenario
Recommendation
BUY STOP
Entry Point
147.200
Take Profit
148.450
Stop Loss
146.600
Key Levels
149.350, 148.450, 147.200, 146.600, 145.400, 144.125
Alternative scenario
Recommendation
SELL STOP
Entry Point
146.600
Take Profit
145.400
Stop Loss
147.200
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.