Technical analysis EURJPY for 27.07.2023
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 ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 155.200. The closest resistance is the level 155.900
Key levels
- 157.250, 156.600, 155.900, 155.200, 154.500, 153.800
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 155.900, with Take Profit of 156.600 and Stop Loss of 155.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.200, with Take Profit of 154.500 and Stop Loss of 155.900
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.