Technical analysis EURJPY for 28.03.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed 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 crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 141.725. The closest resistance is the level 142.100
Key levels
- 143.075, 142.600, 142.100, 141.725, 141.225, 140.750
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 142.100, with Take Profit of 142.600 and Stop Loss of 141.725
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 141.725, with Take Profit of 141.225 and Stop Loss of 142.100
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.