Technical analysis EURJPY for 28.07.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below 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 below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 153.330. The closest support is the level 152.130
Key levels
- 154.980, 154.070, 153.330, 152.130, 151.390, 150.330
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 153.330, with Take Profit of 154.070 and Stop Loss of 152.650
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 152.130, with Take Profit of 151.390 and Stop Loss of 152.650
Scenario
Recommendation
SELL STOP
Entry Point
153.330
Take Profit
154.070
Stop Loss
152.650
Key Levels
154.980, 154.070, 153.330, 152.130, 151.390, 150.330
Alternative scenario
Recommendation
BUY STOP
Entry Point
152.130
Take Profit
151.390
Stop Loss
152.650
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.