Technical analysis EURJPY for 10.10.2023
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 157.660. The closest support is the level 155.900
Key levels
- 159.380, 158.490, 157.660, 155.900, 154.970
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 157.660, with Take Profit of 158.490 and Stop Loss of 156.840
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.900, with Take Profit of 154.970 and Stop Loss of 156.840
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.