Technical analysis EURJPY for 09.08.2023
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 156.750. The closest resistance is the level 157.400
Key levels
- 157.850, 157.400, 156.750, 156.425, 155.950
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 156.750, with Take Profit of 157.400 and Stop Loss of 156.425
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 156.425, with Take Profit of 155.950 and Stop Loss of 156.750
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.