Technical analysis EURJPY for 14.08.2023
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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 160.220. The closest support is the level 156.620
Key levels
- 162.540, 160.220, 156.620, 154.430, 152.230
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 160.220, with Take Profit of 162.540 and Stop Loss of 158.310
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 156.620, with Take Profit of 154.430 and Stop Loss of 158.310
Scenario
Recommendation
BUY STOP
Entry Point
160.220
Take Profit
162.540
Stop Loss
158.310
Key Levels
162.540, 160.220, 156.620, 154.430, 152.230
Alternative scenario
Recommendation
SELL STOP
Entry Point
156.620
Take Profit
154.430
Stop Loss
158.310
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.