Technical analysis EURJPY for 16.02.2023
16.02.2023 01:03
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 143.075. The closest resistance is the level 143.525
Key levels
- 144.150, 143.525, 143.075, 142.350, 141.575
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 143.525, with Take Profit of 144.150 and Stop Loss of 143.075
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 143.075, with Take Profit of 142.350 and Stop Loss of 143.525
Scenario
Recommendation
BUY STOP
Entry Point
143.525
Take Profit
144.150
Stop Loss
143.075
Key Levels
144.150, 143.525, 143.075, 142.350, 141.575
Alternative scenario
Recommendation
SELL STOP
Entry Point
143.075
Take Profit
142.350
Stop Loss
143.525