Technical analysis EURJPY for 26.01.2023
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 141.200. The closest resistance is the level 141.900
Key levels
- 142.600, 141.900, 141.200, 140.625, 139.975
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 141.200, with Take Profit of 141.900 and Stop Loss of 140.625
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 140.625, with Take Profit of 139.975 and Stop Loss of 141.200
Scenario
Recommendation
BUY LIMIT
Entry Point
141.200
Take Profit
141.900
Stop Loss
140.625
Key Levels
142.600, 141.900, 141.200, 140.625, 139.975
Alternative scenario
Recommendation
SELL STOP
Entry Point
140.625
Take Profit
139.975
Stop Loss
141.200
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.