Technical analysis EURJPY for 24.02.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below 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 142.400. The closest resistance is the level 142.900
Key levels
- 143.900, 143.450, 142.900, 142.400, 141.575
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 142.400, with Take Profit of 141.575 and Stop Loss of 142.900
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 142.900, with Take Profit of 143.450 and Stop Loss of 142.400
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.