Technical analysis EURJPY for 26.06.2023
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 resistance is the level 157.550. The closest support is the level 155.890
Key levels
- 159.030, 158.120, 157.550, 155.890, 155.070, 153.590
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 157.550, with Take Profit of 158.120 and Stop Loss of 157.000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.890, with Take Profit of 153.590 and Stop Loss of 157.000
Scenario
Recommendation
BUY STOP
Entry Point
157.550
Take Profit
158.120
Stop Loss
157.000
Key Levels
159.030, 158.120, 157.550, 155.890, 155.070, 153.590
Alternative scenario
Recommendation
SELL STOP
Entry Point
155.890
Take Profit
153.590
Stop Loss
157.000
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.