Technical analysis EURJPY for 13.05.2024
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 167.250. The closest resistance is the level 168.000
Key levels
- 169.100, 168.000, 167.250, 166.700, 165.750
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 168.000, with Take Profit of 169.100 and Stop Loss of 167.250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 166.700, with Take Profit of 165.750 and Stop Loss of 167.200
Scenario
Recommendation
BUY STOP
Entry Point
168.000
Take Profit
169.100
Stop Loss
167.250
Key Levels
169.100, 168.000, 167.250, 166.700, 165.750
Alternative scenario
Recommendation
SELL STOP
Entry Point
166.700
Take Profit
165.750
Stop Loss
167.200
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.