Technical analysis EURJPY for 22.05.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 148.450. The closest resistance is the level 149.100
Key levels
- 149.800, 149.100, 148.450, 148.050, 147.350
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 148.450, with Take Profit of 149.100 and Stop Loss of 148.050
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 148.050, with Take Profit of 147.350 and Stop Loss of 148.450
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.