Technical analysis EURJPY for 02.03.2023
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 145.175. The closest resistance is the level 145.700
Key levels
- 146.425, 145.700, 145.175, 144.250, 143.425
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 145.700, with Take Profit of 146.425 and Stop Loss of 145.175
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 145.175, with Take Profit of 144.250 and Stop Loss of 145.700
Scenario
Recommendation
BUY STOP
Entry Point
145.700
Take Profit
146.425
Stop Loss
145.175
Key Levels
146.425, 145.700, 145.175, 144.250, 143.425
Alternative scenario
Recommendation
SELL STOP
Entry Point
145.175
Take Profit
144.250
Stop Loss
145.700
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.