Technical analysis EURJPY for 08.09.2022
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 143.625. The closest resistance is the level 145.550
Key levels
- 148.100, 145.550, 143.625, 141.500, 139.850, 138.400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 145.550, with Take Profit of 148.100 and Stop Loss of 143.625
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 143.625, with Take Profit of 141.500 and Stop Loss of 144.590
Scenario
Recommendation
BUY STOP
Entry Point
145.550
Take Profit
148.100
Stop Loss
143.625
Key Levels
148.100, 145.550, 143.625, 141.500, 139.850, 138.400
Alternative scenario
Recommendation
SELL STOP
Entry Point
143.625
Take Profit
141.500
Stop Loss
144.590
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.