Technical analysis EURJPY for 27.07.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 139.650. The closest support is the level 138.770
Key levels
- 141.250, 140.550, 139.650, 138.770, 137.950, 137.320
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 139.650, with Take Profit of 140.550 and Stop Loss of 139.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 138.770, with Take Profit of 137.950 and Stop Loss of 139.200
Scenario
Recommendation
BUY STOP
Entry Point
139.650
Take Profit
140.550
Stop Loss
139.200
Key Levels
141.250, 140.550, 139.650, 138.770, 137.950, 137.320
Alternative scenario
Recommendation
SELL STOP
Entry Point
138.770
Take Profit
137.950
Stop Loss
139.200
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.