Technical analysis NZDJPY for 12.12.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. 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 87.200. The closest resistance is the level 87.650
Key levels
- 88.150, 87.650, 87.200, 86.625, 85.950
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 87.650, with Take Profit of 88.150 and Stop Loss of 87.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 87.200, with Take Profit of 86.625 and Stop Loss of 87.650
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.