Technical analysis EURJPY for 17.10.2022
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 144.325. The closest resistance is the level 145.425
Key levels
- 146.375, 145.425, 144.325, 143.600, 142.650
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 144.325, with Take Profit of 145.425 and Stop Loss of 143.600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 143.600, with Take Profit of 142.650 and Stop Loss of 144.325
Scenario
Recommendation
BUY LIMIT
Entry Point
144.325
Take Profit
145.425
Stop Loss
143.600
Key Levels
146.375, 145.425, 144.325, 143.600, 142.650
Alternative scenario
Recommendation
SELL STOP
Entry Point
143.600
Take Profit
142.650
Stop Loss
144.325
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.