Technical analysis EURJPY for 29.12.2023
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 156.225. The closest resistance is the level 156.975
Key levels
- 157.350, 156.975, 156.225, 155.575, 154.750
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 156.225, with Take Profit of 156.975 and Stop Loss of 155.575
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.575, with Take Profit of 154.750 and Stop Loss of 156.225
Scenario
Recommendation
BUY LIMIT
Entry Point
156.225
Take Profit
156.975
Stop Loss
155.575
Key Levels
157.350, 156.975, 156.225, 155.575, 154.750
Alternative scenario
Recommendation
SELL STOP
Entry Point
155.575
Take Profit
154.750
Stop Loss
156.225
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.