Technical analysis EURJPY for 23.08.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 136.500. The closest resistance is the level 137.150
Key levels
- 137.975, 137.150, 136.500, 135.800, 134.975
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 137.150, with Take Profit of 137.975 and Stop Loss of 136.500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 136.500, with Take Profit of 135.800 and Stop Loss of 137.150
Scenario
Recommendation
BUY STOP
Entry Point
137.150
Take Profit
137.975
Stop Loss
136.500
Key Levels
137.975, 137.150, 136.500, 135.800, 134.975
Alternative scenario
Recommendation
SELL STOP
Entry Point
136.500
Take Profit
135.800
Stop Loss
137.150
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.