Technical analysis EURJPY for 17.03.2022
17.03.2022 11:07
Intraday
Technical
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 resistance is the level 131.20. The closest support is the level 130.65
Key levels
- 132.55, 131.65, 131.20, 130.65, 130.00, 129.50, 128.80, 128.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 131.20, with Take Profit of 131.65 and Stop Loss of 130.80
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 130.65, with Take Profit of 130.00 and Stop Loss of 131.20
Scenario
Recommendation
BUY STOP
Entry Point
131.20
Take Profit
131.65
Stop Loss
130.80
Key Levels
132.55, 131.65, 131.20, 130.65, 130.00, 129.50, 128.80, 128.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
130.65
Take Profit
130.00
Stop Loss
131.20