Technical analysis EURJPY for 30.11.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 161.000. The closest resistance is the level 161.650
Key levels
- 162.900, 162.350, 161.650, 161.000, 160.350
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 161.000, with Take Profit of 160.350 and Stop Loss of 161.650
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 161.650, with Take Profit of 162.350 and Stop Loss of 161.000
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.