Technical analysis EURJPY for 15.03.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 144.000. The closest resistance is the level 144.350
Key levels
- 144.900, 144.350, 144.000, 143.700, 143.275
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 144.000, with Take Profit of 144.350 and Stop Loss of 143.700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 143.700, with Take Profit of 143.275 and Stop Loss of 144.000
Scenario
Recommendation
BUY LIMIT
Entry Point
144.000
Take Profit
144.350
Stop Loss
143.700
Key Levels
144.900, 144.350, 144.000, 143.700, 143.275
Alternative scenario
Recommendation
SELL STOP
Entry Point
143.700
Take Profit
143.275
Stop Loss
144.000
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.