Technical analysis EURJPY for 31.01.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below 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 141.425. The closest resistance is the level 141.900
Key levels
- 142.275, 141.900, 141.425, 141.075, 140.650
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 141.425, with Take Profit of 141.900 and Stop Loss of 141.075
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 141.075, with Take Profit of 140.650 and Stop Loss of 141.425
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.