Technical analysis EURJPY for 03.02.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 130.20. The closest resistance is the level 130.80
Key levels
- 132.25, 131.50, 130.80, 130.20, 129.90, 129.50, 129.00, 128.25
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 130.20, with Take Profit of 130.80 and Stop Loss of 129.90
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 131.50, with Take Profit of 130.80 and Stop Loss of 131.80