Technical analysis EURJPY for 06.10.2022
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. 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 resistance is the level 143.960. The closest support is the level 142.150
Key levels
- 145.570, 144.800, 143.960, 142.150, 141.250, 140.350
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 143.960, with Take Profit of 144.800 and Stop Loss of 143.050
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 142.150, with Take Profit of 141.250 and Stop Loss of 143.050
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.