Technical analysis EURJPY for 23.06.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 156.050. The closest resistance is the level 156.950
Key levels
- 159.500, 158.050, 156.950, 156.050, 154.650
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 156.950, with Take Profit of 158.050 and Stop Loss of 156.050
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 156.050, with Take Profit of 154.650 and Stop Loss of 156.950
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.