Technical analysis EURJPY for 27.11.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 163.400. The closest resistance is the level 163.900
Key levels
- 164.400, 163.900, 163.400, 162.875, 162.300
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 163.900, with Take Profit of 164.400 and Stop Loss of 163.400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 163.400, with Take Profit of 162.875 and Stop Loss of 163.900
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.