Technical analysis EURJPY for 27.09.2024
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 turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 161.650. The closest resistance is the level 162.425
Key levels
- 163.225, 162.425, 161.650, 160.850, 159.900
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 162.425, with Take Profit of 163.225 and Stop Loss of 161.650
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 161.650, with Take Profit of 160.850 and Stop Loss of 162.425
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.