Technical analysis EURJPY for 25.04.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 165.800. The closest resistance is the level 166.600
Key levels
- 167.850, 166.600, 165.800, 164.650, 163.700
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 166.600, with Take Profit of 167.850 and Stop Loss of 165.800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.800, with Take Profit of 164.650 and Stop Loss of 166.600
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.