Technical analysis EURJPY for 15.09.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 158.450. The closest support is the level 156.970
Key levels
- 159.670, 158.450, 156.970, 155.070, 153.140
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 158.450, with Take Profit of 159.670 and Stop Loss of 157.800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 156.970, with Take Profit of 155.070 and Stop Loss of 157.800
Scenario
Recommendation
BUY STOP
Entry Point
158.450
Take Profit
159.670
Stop Loss
157.800
Key Levels
159.670, 158.450, 156.970, 155.070, 153.140
Alternative scenario
Recommendation
SELL STOP
Entry Point
156.970
Take Profit
155.070
Stop Loss
157.800
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.