Technical analysis EURJPY for 29.11.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 144.540. The closest support is the level 142.980
Key levels
- 146.490, 145.570, 144.540, 142.980, 141.820, 140.730
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 144.540, with Take Profit of 145.570 and Stop Loss of 143.680
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 142.980, with Take Profit of 141.820 and Stop Loss of 143.680
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.