Technical analysis EURJPY for 31.03.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 144.350. The closest resistance is the level 145.050
Key levels
- 145.609, 145.050, 144.350, 143.750, 143.050
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 145.050 and Stop Loss of 144.350
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 144.350, with Take Profit of 143.750 and Stop Loss of 145.050
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.