Technical analysis EURJPY for 28.09.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 156.925. The closest resistance is the level 157.225
Key levels
- 157.975, 157.575, 157.225, 156.925, 156.625
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 156.925, with Take Profit of 156.625 and Stop Loss of 157.225
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 157.225, with Take Profit of 157.575 and Stop Loss of 156.925
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.