Technical analysis EURJPY for 28.12.2021
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
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 top of the cloud. The closest resistance is the lower border of the cloud
Key levels
- 131.350, 130.650, 130.000, 129.450, 128.700, 128.000, 127.500, 126.800
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 130.000, with Take Profit of 130.650 and Stop Loss of 129.450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 129.450, with Take Profit of 128.700 and Stop Loss of 130.000
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.