Technical analysis EURJPY for 12.07.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 155.180. The closest support is the level 153.590
Key levels
- 156.610, 155.990, 155.180, 153.590, 152.770, 151.780
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 155.180, with Take Profit of 155.990 and Stop Loss of 154.420
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 153.590, with Take Profit of 152.770 and Stop Loss of 154.420
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.