Technical analysis EURJPY for 25.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 139.05. The closest resistance is the level 139.45
Key levels
- 141.00, 140.00, 139.45, 139.05, 138.25, 137.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 139.45, with Take Profit of 140.00 and Stop Loss of 139.05
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 139.05, with Take Profit of 138.25 and Stop Loss of 139.45
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.