Technical analysis EURJPY for 27.02.2024
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 163.150. The closest resistance is the level 163.950
Key levels
- 164.875, 163.950, 163.150, 162.050, 161.275
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 163.950, with Take Profit of 164.875 and Stop Loss of 163.150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 163.150, with Take Profit of 162.050 and Stop Loss of 163.950
Scenario
Recommendation
BUY STOP
Entry Point
163.950
Take Profit
164.875
Stop Loss
163.150
Key Levels
164.875, 163.950, 163.150, 162.050, 161.275
Alternative scenario
Recommendation
SELL STOP
Entry Point
163.150
Take Profit
162.050
Stop Loss
163.950
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.