Technical analysis EURJPY for 24.07.2023
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 157.425. The closest resistance is the level 158.000
Key levels
- 158.475, 158.000, 157.425, 156.950, 156.350
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 157.425, with Take Profit of 158.000 and Stop Loss of 156.950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 156.950, with Take Profit of 156.350 and Stop Loss of 157.425
Scenario
Recommendation
BUY LIMIT
Entry Point
157.425
Take Profit
158.000
Stop Loss
156.950
Key Levels
158.475, 158.000, 157.425, 156.950, 156.350
Alternative scenario
Recommendation
SELL STOP
Entry Point
156.950
Take Profit
156.350
Stop Loss
157.425
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.